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EGR vs Similar Companies, page-420

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    Yes, the differing cut-off grades used in resource modelling, along with plenty of other variables, make direct comparison of reported resource sizes somewhat meaningless (without seeing the full suite of geological data).

    Also, graphite is a bulk commodity and most deposits are far larger than the reported resource - that is, they typically extend far beyond the portions that have been subjected to resource drilling (laterally and vertically). The Epanko resource of 113.3Mt @ 7.2% TGC (5% cut-off) could likely be extended to 500Mt at similar grade with further drilling, which would be a waste of money at this point in time. The SYR Balama resource is a whopping 1.42Bt @ 10% TGC.

    Of course, flake quality and size distribution characteristics are king with graphite, along with processing/downstream considerations.
 
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