Gee this announcement seems to have lit a fire under someone’s keyboard!?!
Let’s all get together and pray for little old EGR who are definitely up against it seeking government funding for a processing facility located in Africa.
personally I don’t recall the last time an African government GAVE money to a foreign miner tbh.
Maybe our resident expert can advise when that may have occurred- I mean surely Tanzania would have a lazy, say, $185 million, laying around to loan to EGR to kick the project off?
Or maybe they need all the cash they have to pay the security to ensure a ‘fair’ election this year given they need to control the protests from over 1/2 the population who want to vote for a banned opposition party…
Anyway. At least the fallback position is to ship the ore a few thousand kms to a plant without funding or permits in Australia.
Anyhow. Just my musings on the state of the graphite market atm. GLALTH.
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