Ann: Quarterly Activities Report, page-454

Quite simply Spid81does not understand the spare capacity at the back end of the plant...

Quote: BTW, you need to look at the existing graphite producers, You will notice all of these have spare capacity to produce additional graphite concentrate by operating more hours, yet none of these companies need to as there isn't enough demand to warrant them increasing their capacity.

You should also check out their basket prices, which all are lower than the prices reported in benchmark Minerals and other companies' prices, these companies are currently seeing a 20% less than the reported figures.

The spare capacity is about maintaining 40,000 Tpa in the early stages...They grade upside and plenty of flake at the front end...These can all be sacrificed in the early days to deliver 40,000 Tpa...Recovery will be the area that is sacrificed in the early days...Tuning the plant...The plant has 23% spare capacity at the front end plus grade upside...The back end has 50% spare capacity...

SRY weathered oxide has too much variance in the ore...

Regards Croc