I wish they are "mining" graphite already! :)
one step at a time.
vermiculite is not as hot as graphite
but our vermiculite fundamentals stack up.
Like Benjo said
how many under 20m specs are proud to say they are producers & cashflow is going to break even soon on the vermiculite project.
Pg 25 Nov presentation
"The Namekara vermiculite.....has resources for +50 years at the expanded rate of production"
25 year sales contract already signed with Dupre
Limestone
Pg 23 Nov presentation
offtake discussion with a large indian steel group for 50 years!
gees I cant stop my mouth watering.
The next big funding will be for Vermiculite plant upgrade to support 100kt pa operation
I think a big push is on the way to increase MC so as to minimise dilution of funding.
When vermiculite is producing at full rate of 100-130kt pa, hopefully the cashflow will support Limestone development & any potential project acquisition
size of deposit, page-6
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