Over that time the Graphite Mineral Resource has increased from 113Mt @ 7.2% TGC cut-off grade for 8.1 MT of contained graphite to 290.8 Mt at 7.2% TGC for 21.0 Mt of contained graphite, with areas still undrilled and no point doing so at this stage.
All the advancements in engineering studies for mining and downstream processing and recycling have been reported on but clearly over one's head.
I note that most peer group companies have also dropped in price considerably in the last year or so. Probably more to do with slower than expected uptake of electric vehicles outside of China.
Most advanced countries are positioning themselves away from bellicose China, so EGR's strategy of focusing on other markets seems sensible to me.
EGR Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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