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Thanks @Danzar I like this graphite project, from a geological...

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Frizzle007

54 Posts.

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31/08/17

08:58

Post #: 26884527
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Originally posted by Danzar ↑

Hi @Frizzle007 I believe we'll have our announcement tomorrow, but on what is unclear. It will either be focused solely on the graphite prospect in Madagascar, or graphite plus initial lithium samples in Brazil. I'm very confident we'll get our first clear indication of the extent of the graphite prospect.

The key thing to keep in mind is the graphite results. If they are poor, it is by no means the end of the world. People tend to focus heavily on every inch of resources projects and can forget that exploration is a long game. The graphite is there, but they need to find it. The fact that DNI has added new exploration zones is a positive, but thay does not mean they've hit the target.

The lithium is at an even earlier stage

Sorry I can't be more definitive, these things never are until we know.

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Thanks @Danzar

I like this graphite project, from a geological background (all I know) we are in a low cost operation for mining graphite. Highly weathered rock (regolith) makes for easy mining. Graphite only just below ground level makes for no overburden, great for any feasibility study. Interesting to see the results, remaining very confident...

Cheers

CGM Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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