Good Morning Stirer,Yes, it would be preferable if you read...

Good Morning Stirer,

Yes, it would be preferable if you read WKT's announcements which state the 50 Bags per day are based on "a theoretical average selling basket price of US$900/t."

Considering China is the largest user of graphite and they have advised they are only willing to pay US$921 per tonne for +50 mesh graphite and WKT has not detailed any sales of the Super Jumbos, it's going to be impossible for WKT to achieve the average price of US$900 per tonne, when they have only just producing over 50% of its production above +180 micron (+80 Mesh)

The announcement also clearly states the 50 bags is based on the operating costs, it excludes the credit card interest payable. Wogan's fees, directors' fees, corporate and all other costs.

If you didn't know. Wogan's interest payable per month is ~US$400k, WKT needs to sell 444 bags per month or 14 bags per day at US$900 per tonne to cover the interest on the loan, When you consider WKT is seeing 30-50% lower graphite prices than the DFS forecast, the volume WKT needs to sell per month/day is significantly higher than the myth you are presenting. You only need to read Mike's tweets to see the graphite market is in oversupply and the only way he can see WKT gaining market supply is by these other mines stopping production. What a fantastic business plan. lol

I wish you would stop misleading investors by suggesting WKT is already at the breakeven point, if you honestly believe this is still the case after reading the above, you need to stop posting and seek financial advice as you have no idea about the company's outgoings.