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8.7¢ ecograf limited

Seeking Alpha - top 3 graphite miners to consider, page-5

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robbo24

10,959 Posts.

1768

12/01/17

09:56

Post #: 21839321
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Originally posted by Simmpa ↑

What this analyst missed was the fact we used a TGC cut-off of ~8.6%, rather than the industry standard of ~5%. Our resource will improve considerably upon completion of the renewed drilling at Epanko, and possibly the TGC realignment.

The BFS JORC estimate (which KNL's history would seem to confirm as being conservative) puts Epanko at 23.3mt at 9.4% TGC. So what happens if/when measure the resource at 5% (like every other company)?

The BFS already confirms Epanko can support rates of 100,000tpa at the higher TGC rates. So it's a 100-200 year graphite deposit at 5%?

Talk about a dividend stream..... My great, great, great, great, great grandchildren could keep riding the KNL train!

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The difference between 5% and 8.6% is about 57% - ponder that for a moment because it is something that Jaded used to refer to often, long ago now.

KNL Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

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Last 8.7¢		Change 0.000(0.00%)		Mkt cap ! $39.50M

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