Really good 2 days to be exact. - All time high today - Buy:Sell depth looking excellent at 45:7 - Graphite Price been solid the last 6 months and surely will continue to see a faster rise with future demand outpacing supply. - Only a matter of time until we get funding with confidence in the commodity growing weekly. With only $116M needed for Stage 1 and the next 3 stages funded with profits from S1, that’s easy enough for a $250M MC company. - Offtakes already sorted for 100% of the fines. Flakes, the higher quality stuff, is highly sought after so won’t be any issues selling the rest of that (from memory, they’ve already got offtakes for most of it). - CPC in charge of Design of process plant who previously designed Syrah’s Balama Graphite Project which is now cruising along. - Technicals looking great for the BKT chart - Risks include Jurisdiction (Tanzania has improved a lot as of late), Graphite price (can’t see this as a risk given the future demand and supply, can only see the price going up), financing (Worst case is we accept poor commercial terms and investors lose a bit of equity but will still make multiples on their investments in the short and long term).
What’s not to like of this derisked cash cow in the making?
BKT Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
