Ann: Lindi Jumbo gears up for first graphite concentrate export, page-735

These are some of the basics being overlooked in giving while spid81 continues fall short in analysis

Grade advantage is of the highest metric that makes these projects viable. The distribution of basket is also signific indicator of revenue. Great posts tonight by Stirrer providing very relevant details from tweets.

2016 5% cut off - OPEX - USD $292 Per Tonne
2017 7.5% cut off - OPEX - USD $289 Per Tonne
2019 10% Cut off - OPEX - USD $282 Per Tonne

As the project was being optimised not NPV the effect of higher strip ratios allowed for higher grades to be fed through the plant which resulted in a potential 10,000 tonne capital free expansion of the plant. The plant is designed for 40,000 tons at 15% TGC while the 2019 upgrade resulted in a small reduction of OPEX with a through put being decreased from 1000 tons per day back to 800 tonnes per day...

What Mikes tweet is confirming is they the plant does not need to run at similar throughputs to achieve higher yields at the back end. Now to get tongues wagging the tweets now only confirm a higher contained resource than modelled. If they this in in fact true the project has considerable upside depending on sales agreements...

More tonnes from a lower throughput...They had already reiterated they could high feed grade supply the plant at 23% TGC in early years if required from conservative figures. Now we are being informed the contained graphite could be 50% higher than modeled in the DFS...

Regards Croc