re: Ann: March 2014 Quarterly Activities Repo... My understanding is the existing JORC provides a mine life of about 10 years @ 50,000 tpa. With the plans to increase production to 74,000 tpa perhaps its time to "get a bigger JORC"...It also seems that some explorers with nothing more than a big JORC are seen by the market to have more value than one with not just a mine, but a processing plant and even sales agreements. To me that beggars belief.
It might also be that long term take off contracts may exceed 8-9 years so perhaps that's another reason to sure up the JORC.
Of interest (to me anyway) is most graphite hopefuls went green today except the only producer in Australia. Turnover was also low.
Either the market hasn't realised what's happening here or my thoughts that this is a huge investment opportunity is completely wrong.
The next few days should tell
Cheers
fc
(ps I don't think I'm wrong!)
re: Ann: March 2014 Quarterly Activities Repo... My...
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