When you quote a resource...you quote it in TGC...an individual drill assay result is quoted in Cg
The difference implies the understanding of metallurgical characteristics of the ore body
The CAPEX is pretty standard for graphite mines in first world countries...take even the Duwi project owned by Sovereign Metals in Malawi...it has a CAPEX of US$164.4 million
Small size fractions are preferred for purified micronized graphite which is used in anode material...this is the future of graphite...also small flake sizes are preferred for spheronized products...again for the anode market
In an environment where a lot of projects are without infrastructure and outside of North America...$250M CAPEX over Life of Mine is not unobtainable...Just look at what it costs to get lithium, cobalt, copper and other mines up and running..
MLS Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
