Yes KL, Freehold etc all your observations are clear and factual, good work - the thing I find interesting is that there has been a dearth of opinion on whether TON will ever make it to mining in any real time that is going to affect anyone here at the moment. Setting up a new mine is a long term event, costly (even with the proximity to infrastructure). It is obvious that Ancuabe may be fast tracked but the focus on Balama makes that unpalatable to the market given the appetite for decent drilling analyses and grades, driven by the continuous comparisons to the neighbour. Management could well IMO be looking at an early benefit through a TO, talking to neighbours etc as the company may not "see" itself as an active miner in Africa - the transition from Explorer to Producer is a HUGE leap, lots of capes, open, personnel, offices in country etc - do you really think that this can be achieved in any reasonable time to "capture" emerging graphite market - just a thought - Freehold did the DD on current management/staff and stopped at three...........not too many folks to run the show, so let's get a deal on the table.
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