here we go, page-3

You are probably gith on the lack of movement for now THFS, but eventually the sheer weight of boxes ticked will become too compelling. While we aren't "guaranteed" yet, we've already got a higher category JORC in the bag to confirm the resource and production targets make sense for funding, we are well on the way for a mining licence, we've already got one off-take and in the process of negotiating another, and the BFS will confirm the scoping study and further firm up the funding.

Unlike those drilling for drilling's sake, our management are progressing firmly on the path of development. At some point realisation will kick in to the market that KNL will be producing graphite soon (as opposed to drilling for more of it), and that it's already got buyers committed on binding agreement.