MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Tanzanian Update on Nachu Graphite Project, page-234

  1. 17,846 Posts.
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    Hi Steve, re "What MNS have is graphite in the ground....dig it & sell it"

    Perhaps you missed the significance of point 5 in the Nachua update announcement

    ’ Magnis view was that the potential lower revenue pricing in the market would make any strategy or operation reliant on solely producing graphite concentrate would not be a financially sensible option. "

    https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL4wm7yBDxv/p37LFiGug=

    As such it would seem to me that just dig it and selling the concentrate doesn't appear to be financially sensible.

    Good luck to all holders
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