With the graphite prices rising in recent months what impact does it have on our current BFS numbers? I would assume our NPV will rise due to higher margins but the rise of the prices may have already been factored in our BFS.
Either way, I do believe the rise of the graphite prices will at least give banks more confidence in the BFS thus a higher chance of finance approval. I understand a lot of the finance approval is still subject to the confirmation of Tanzanian mining laws impact but a little movement towards the positive side is better than nothing.
If anyone with better knowledge is kind enough to have an input that would be great.
KNL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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