Ann: Robust DFS Allows MRC to move to 90% ownership of Munglinup, page-5

While I like these guys and they will be getting good intel from the producing mine Over seas.
I am not sure we have a successful graphite mine in Aus as of yet.
A couple on the go but not quiet yet. Let me know if I am wrong.
We have had a couple but from memory they are not in operation any more.
IRR30% does not fill me with glee either however it could actually be a realistic number which is better than most of them. LOL.

So either way the mine will not be built unless we have someone to buy the product.
Can we steal clients from the Skaland plant or value add??

Still a ways to go IMO for this little guy in Oz and these guys have been in business for a while and now how it works.