I just cant see how Hengda can go ahead with the merger
35.2 mill capex is extremely low compared to its peers (then again it is china?)
NPV of $520 mill also seems like they are taking the piss - compare it to the figures used in KNL's study
Based on what I have read in drilling results LMB's graphite is not economical to mine
Approximately 70% <40 / 80-90% <75 um
Stormcrows predicted 2020 price for <35 um is $359 a tonne
Understated costs + revenue forecasts which closely resemble deceptive and misleading conduct... doesnt look good
I just cant see how Hengda can go ahead with the merger 35.2...
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