Ann: Updated research report, page-55

The main thing for graphex since the govt changes are we lose 8% effectively (half of the 16% for Tanzania govt). But, demand and basket price has increased and I think we'll see the project profitability more than double with the new feasibility... So there is risk.... But compared to a year ago we've lost 16% of our stake (8% of 50%) but the project profits i have estimated to have doubled.... So we are a mile ahead of where we were profitability wise 12 months ago.

Of course, a lot of miners in Tanzania won't have been so lucky.