EGR will commence construction of their first 5ktpa PSG plant...

EGR will commence construction of their first 5ktpa PSG plant this year, Once it has been successfully commissioned and the product has met its customers requirements, EGR will commence construction on its 15ktpa expansion. They have also clearly detailed they will commence the development application for other regions, (Europe where they have plans for upto 2 additional facilities)

No offense Gammat, you really have been sucked into the BS on the WKT thread,
Mining Graphite is marginal, Just look at SYR and the other ASX listed graphite projects. BKT has processed 500t of drill cores to determine the recovery of the Fresh Mineralisation and has processed this material, out of all of this test work they have secured a corner stone investor POSCO who have also entered into a binding offtake agreement.

WKT has only tested 1.7-2.3 tonnes of Surface ore, which makes up 3% of the plant feed, if you consider the TGC grade was 32%, it would make up less than 0.2% of the plant feed, WKT has never completed a bulk sample of the Fresh Mineralisation to determine its recovery it was only lab scales test. IMO WKT is building a US$30mil experiment, It will either generate a profit or will be running at a loss from day one.

I would have thought it was obvious when the T6 and Mike didn't offer up their $8.5mil to develop Lindi, instead, they went to institutional investors and raised 1/3 of the funds they required, the company was then suspended from the ASX, needed to issue an SPP that needed nearly the full underwriting and have needed to use a convertible note to secure the funds to build the project, where this investor only sees value in selling his shares on market.

EGR has institutional investors as part of its share base, IMO they are more likely to invest the funds when required and EGR has proven they can raise significant funds in a short time frame. EGR raised $54mil in 3 days. Unlike WKT it took months to raise $20mil.