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Ann: Update on Epanko Graphite Project and Pilot Plant Strategy, page-116

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    Perhaps you ought to contact KfW IPEX-Bank and ask them whether their independent engineers considered transportation when reviewing our updated BFS. I’m sure they would be most interested in your hearing thoughts.

    I find it most curious that people disbelieve the metrics of Epanko despite the fact that our BFS has undergone independent technical review and our proposed lenders (KfW and Nedbank) are still interested in funding a portion of our capex requirements. Strange how no other Tanzania based graphite hopeful is in discussions with banks, perhaps the figures quoted in their feasibility studies don’t holdup when scrutinised??
 
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