I've read a lot of bulls**t graphite studies over the years, and the devil is always in the detail - have a read of the Modifying Factors in the announcement, particularly historical metallurgical results.
Concentrate grades of 60%-85% Carbon from historical test work is scary stuff!
The 94% C assumption in the study doesn't appear to be derived from actual flotation test work but rather from drill core?!
Concentrates with grades of 60%-85%C are almost worthless.
I'd like these guys to stick to the proven Mineral Sands.
I've read a lot of bulls**t graphite studies over the years, and...
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