Ann: Quarterly Activities Report, page-39

Hi Sirrobbo,

Is your HC profile restricting you from answering questions and engaging in conversations with me on the WKT forum,

It appears you have no issues with wanting to discuss matters with me on other threads,



BTW have you ran the numbers on today's announcement to confirm the plant's output from the date when the first concentrate was produced to the end of the June QTR, By my calculation it was 59 days. Mike has previously mentioned the daily output from the mine is expected to be 110.

This means WKT should have produced 6490 tonnes of graphite based on the TGC grade they were processing, yet they only managed to achieve 240 bags as disclosed in today's announcement, This means the plant for the 2 months of operation was operating at 3.6% of the designed output.

When you consider the limited throughput during this period, it makes sense that the plant was recovering upto 87% of the contained graphite, Yet they weren't able to achieve the purity or the desired flake size when 70% of the production was -80Mesh (Fines)

It's going to be interesting to see when the throughput is increased how much the recovery of graphite drops and if this also impacts the purity of the finished product and or the size of the flakes.

It doesn't add up does it? 240 tonnes were produced during May and June, yet the plant was designed to produce 6490 tonnes during this period.

Please let me know if I have made a mistake, I am happy to correct any errors, but I think this is pretty spot on with the information that has been provide,
Oh, I have another way to work the output that I will shares later.

Would you agree that WKT should have completed a bulk sample to validate the DFS lab scale tests? WKT has invested between US$30-40mil into this project and they have loans with credit card rates of US$22mil,