Hypothesise this, page-12

Hi VRC shareholders-
Disclaimer: i dont hold VRC however looking closely at YOUR asset - I hold BKT ​

Ive posted this on BKT thread also to try and draw a few comparisons ..... some good stuff below on VRC
Based on whats happening here surprised your shareprice langushing - perhaps it will spike soon ​

Further comparisons VRC verses BKT - Both opportunity potential and at similiar stages - VRC have 200+ Mt compared to our 131 Mt - so then it comes down to grades and cost - our grades seem better however their cost to extract is more economical so over to investors - i prefer BKT however will watch VRC progress as they also at pre-feasibility stage - read on.......​

Took another look at VRC and they have offtake agreements already so pretty good for them - they also have majority flake size at super jumbo (“…up to 99.3% TGC with +500 micron flake)​

VRC’s graphite meets `purity’ grade for commercial applications ¾ Recent graphite concentrate results from Namangale returned grades: “…up to 99.3% TGC with +500 micron flake**” ¾ No industrial chemicals were used; just crushing and flotation process ¾ Delivers VRC material comparative cost advantage relative to peers with deleterious elements in their product​

Phil Hearse, the MD of BatteryLimits, the consultant undertaking VRC’s metallurgy and PFS stated: “These results from Namangale show high grade coarse flake graphite that is amongst the best we have seen in our experience with graphite projects, especially since there is still considerable opportunity for further optimisation”​

Vote of confidence: first four customers signed up ¾ Off-take MOUs for 100,000 tpa locked in with leading Chinese end-users**, while discussions with potential western off-take partners are gaining traction 19 Customer Business description Annual graphite required (t) Optimum Nano China’s second largest integrated lithium-ion battery producer 60,000 Huzhou Chuangya Large scale anode & electrolyte manufacturer 20,000 Shenzhen Sinuo Specialised anode & spherical graphite producer 20,000 ** As disclosed in ASX Announcement dated 16 June 2016, entitled “Off-take MOUs signed with leading end-user groups; $4m placement to strategic​