I was at today's ASX presentation by VRC and it seemed to gloss over reality. Using the PFS numbers, as mentioned above, is misleading at best.
But there was little depth, lines running ever where, hands, the earth, but no numbers. And potential offtake referred to multiple times.
My suspicion is that the smaller scale operation, if it happens, will look rather uninteresting. Then there is the need for ever more capital.
Once they have the funds in and release updated numbers I will have another look.
Ann: Tanzanian Graphite - Investor Presentation, page-8
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