Good spot. Typically if a TGC cut-off is lowered (ie, 2% from 5%), it is implying a larger resource estimate (which we now have). It ultimately comes back to economic viability - ie the extraction and processing costs associated with a lower cut-off material. I don't think it's anything to worry about currently (especially if our Q1 drilling campaign, that is underway now, comes back with increased deposit size and further high grade graphite at surface) - the revised feasibility study due sometime mid-year I believe, will ultimately determine our economics. Only thing you could do is compare our cut-off, with other world class mines (perhaps RNU is a good comparison - similar geology i imagine). Open to others opinions/thoughts. I think from a SP perspective, we are at bottom dollar - the market is not looking into the future at all (again,..imo).
LML Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)