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Takeovers Panel - Nido Petroleum, page-123

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Champee

7,812 Posts.

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06/10/17

19:41

Post #: 27724695
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Originally posted by spid81 ↑

VRC need $30 mil to build there plant to produce 20kt pa, the graphite they produce is low 93-95% Carbon (There resource is only 4.9% C) similar to MNS, they will never get the $269mil USD to fund there project. I would avoid it.
Even AXE grade isn't fantastic, 36mil AUD to produce 12kt pa, they have a process to make graphene through UoA or Flinders.

WKT need $30mil to build there plant, there production is for 40 ktpa
Resource is 16.9% c, after processing there graphite is 95%c
Resource grade makes a massive difference. VRC need a $60 Mil investment to produce the same amount of graphite as WKT.

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Really feeling very sick today will chat in a weeks time. Will keep an eye on Fg.

Champee
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