Potential Upside of WKT - Expandable Graphite, page-535

I can't remember which thread had the comments re Mason Graphite in Canada having much larger capital than WKT and therefore we've undercooked the capital. I certainly urge those with those concerns to take a look at Tirupati Graphite, whom Mike left breadcrumbs to on his Twitter account. See www.tirupatigraphite.co.uk to check out a very small operation in Madagascar (3kpta product at a similar product mix to ours.

In this presentation there are some shots of the plant -> https://tirupatigraphite.co.uk/pdf/Corporate-presentation-March-2019.pdf  I'm not suggesting the level of agricultural-ness of the build will be similar, but what it demonstrates is that a gold-plated plant is not needed to push out the product. There's certainly no details on OPEX that I've found yet, but they are pushing out good purity graphite at good recoveries with a simple plant, just like our flowsheet. They are running with a 5.5% head grade and can expand on that; we've got ~16-18% up front so imagine how quickly we can expand as Tirupati are (slide 10).