Ok, so we were told yesterday that they can't produce medium or fine flake (which was expected). The sole product is ultrafine, high purity graphite. Not a problem provided that can get the grades they need to rival synthetic graphite and get the high prices for such products.
Still a few things to do to sure things up, namely confirm the grades to better than +/-1%, and send bulk samples to potential customers. Still, they must have a lot of confidence if they are spending the cash to purchase the land at Sugarloaf and Campoona. Surely you wouldn't waste precious capital unless you knew you were onto something.
Low risk entry into mining......time will tell.
Ann: Quarterly Activities Report , page-2
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