As mention by some already but for a feasible graphite ore body...

As mention by some already but for a feasible graphite ore body you only need 7-10% grade for a project and so far it looking good. People have to remember also that it the extent of JORC that will be there for mining.

At the end of the day it the CAPEX cost per tone to sell PSG that defines a company, so if we have roads, power, port nearby it will be low CAPEX which means bigger margin. CXO and our neighbor RNU (invested in both) cover those aspect and is the reason it is doing well in terms of company growth because it CAPEX per tone of selling product is good.