Ann: iM3NY Credit Facility Update, page-107

Has anyone told you that Magnis don’t mine Graphite?

They have had a tenement in Tanzania for some 15 years now and have managed to build a toilet block and a Maternity Hospital Que?

need circa $300 mill to mine anything and I haven’t factored in rail/road transport costs..

any idea how long the line of investors will be to entrust this board with another $300mill?

the only ‘mining’ is the mining of shareholders funds.

after all, they’ve already burnt thru circa $350mill in cash to get us to this amazing point in our corporate history!

I do wonder who the major beneficiaries of all that money has been?