Ann: Quarterly Cashflow Report, page-225

Agreed croc, WKT have highly profitable grade graphite and some ordinary small flake low margin graphite, luckily only 25%.

WKT have had a major vote of confidence in Pareto backing them and only a few weeks to full funding is typical time line of a Pareto funding deal.

WKT have only a 7 month build time and are already well advanced with the early start program.

WKT will be collecting major revenue by the second half of next year, well ahead of all Tanzanian competitors with a massive advantage of being first to market.

Maybe by 2021 sometime battery grade graphite will be profitable and WKT will make a good dollar on that also, its essentially waste at moment and not really worth management chasing the unprofitable end of town. Don't want to end up like KNL at 4 years and no funding still.

Anyway all my very humble opinion..