ITM Megathread, page-820

100% agreed with all posts above, without metwork confirming amenability with battery grade quality, it could end up being a large deposit not worth commercially developing (KNG). I did post on the KNG forums a while back indicating that MET work is key for commercialising a deposit but was shot down by the uprampers. In terms of KNG as an Investment/speculation, it is currently a heads I win, tails you lose scenario in my opinion. Let me explain, if you buy in now you are betting on the MET results coming back favourably for battery grade (As a result, using published renascour studies as a quasi benchmark, then it is likely to have a world class deposit in a favourable jurisdiction). If the MET results come back unfavourable/challenging, then the graphite deposit in my opinion stays in the ground. With that said, I will be watching that stock closely and will buy in or not, post MET results. It ultimately comes down to the risk vs reward equation and probability of success (do you buy in now and take on more risk due to the MET work not being known with potentially more upside) or do you wait and see and therefore minimising risk but potentially sacrificing some future return. In this market, I am happy doing the latter and will sit on my hands and do the wait and see approach.

We have Sugarloaf in our back pocket with158-264MT at 7-12% TGC but guess what management have parked this project due to the MET work being challenging. This could be the same resultant outcome for KNG (May not be as well but still investors need to know the inherent risks).

From our perspective, we have the following positives

A mining licence in place for Campoona central (Battery grade) - As a result, shows appetite for future mining licences to be granted in our surrounding areas.

Our predecessors Archer Minerals were granted major project status by the federal goverenment regarding our projects. I did post this a while back even a link if I recall correctly so if people want to go back to my earlier posts here on ITM they can.This helps with ability to secure potential government grant funding/loans.

We have top quality and honest management who can potentially turn from an explorer to a producer (this point should not be understated in terms of small cap mining stocks ultimately becoming successful)

Looking forward to the next set of assay results to see whether there is an improvement in grade and further met testing across sections of the deposit.

It has been a tough couple of months holding graphite stocks but this is a long term position for me so I will continue to re-assess every 6 -12 months.

Cheers, CP.