A great result.... What I really like is the conservative,...

A great result....

What I really like is the conservative, strategic, realistic and thruthful approach management are taking to this as demonstrated by the paragraph below ...


"The development strategy adopted by the Board envisages a focussed, modest, low risk approach to exploration and potential mine development. This is intended to prevent large expenditure incurred on resource size at the expense of product quality. The international graphite market is limited in nature and there is an ongoing surplus of graphite exploration. This would imply that quality is much more important than quantity."


In the current environment we don't need our shareholder funds burned up to "prove" the "largest" resource. Rather our funds are being used conservatively by management to determine an initially small high quality resource that can be used to secure an offtake partner, and then from this, use the cash flow generated to unlock further potential of the tenements....very wise ....