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Ann: Outstanding shallow conductors identified at Graphite Bull, page-8

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zubric

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23/10/23

20:48

Post #: 70493297
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Originally posted by JandJ: ↑

Reaction to that news from China is only marginal here on BUX - that's because we can only shout a 4 mt resource from 2014.

Holders here know, of course, that it is very high grade and recovery is excellent and the final product is up to stringent battery anode grade standards.
Still, IMO, it's that 4 mt figure which is holding BUX SP down.

However just drilling and adding tonnes will not help in the short term, because to keep the high grade anode quallity in the picture the new tonnes will have to be tested for met quality as before. A bit of a quandary IMO, but actually its the kind of problem that's good to have and I suspect there will be other graphite plays with large resources which stumble on quality issues.

We will see!! But lets hope our management do not let an opportunity to be known as one of the best pass us by.

All IMO. DYOR, and GL

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Jandj, We all know graphite is running hot at the moment , we all know its top grade at GB, most know its a pissy little deposit but if the deposit has the potential to grow as per the ANN suggests then they should get off their butts and pull out all stops to prove it up. Its a 100% BUX show and proven up it will be a company maker but like all primary production boom to bust occurs overnight so don't lets miss the bus.

BUX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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