massively undervalued, page-62

Your post is riddled with half truths and non-factual information, let me help you out:

"30% of shares being listed on their own stock exchange"

The Mining Law 2010 states that 30% of the shareholding of special mining licences should be locally owned through an IPO or in the case of a body corporate, the citizens and government of Tanzania own a percentage of shares. It is also imperative to note the Mining Act and Amendments relate to Mining Operations Only. Once the Ore has been abstracted from the pit and transferred to the processing facility the Mining Act ceases to have effect, the SEZ takes over and is regulated by the Ministry of Industry, Trade and Investment. To work around the varying legislation Magnis has established Uranex Tanzania to conduct mining operations, whilst Magnis Technologies Tanzania completes the processing, administration, facilities management, shipping and marketing. Your assertation that 30% of Uranex Tanzania needs to be listed on disallowed is not factually correct, a half truth at best.



"As well as high production royalties"

The Mining Royalty is set at 6% (Which is not high as you point out), additionally as mentioned above it is important to note this royalty is paid on the value of the graphite ore value before it reaches the processing plant and not on the final flake or spherical graphite that is exported.



"Funding is hard to come by and a portion has to be funded by a Tanzanian bank"

Again this relates to the Mining Equipment ONLY. It does not relate or have any bearing over the camp, administration buildings, processing facility, power station, warehouse or port handling facilities that make up the bulk of the CAPEX which is covered under the SEZ.

"Tanzania has the clause in which they can be entitled to 50% of Nachu. So you can halve the NPV"

This is the most laughable part of all and shows that you have no comprehension of the two components and the various legislation that each component operates under. Whilst tax, duties, royalties and a free carried component exist within the Mining completed by Uranex, this ore is technically sold to Magnis at the entrance to the processing plant, whereby reduced VAT and duties (Concessions) apply for the produced product prior to exporting. To say halve the NPV just shows you have no idea.