TON is in Mozambique, not Tanzania or in the Ruangwa District ; )
Low grade graphite concentrate operations are fraught with complexities that make finance very difficult to virtually impossible.
Low grades equal Larger Capex Requirements and Larger Equity pieces. 2020 will expose projects with economic weakness and there will be another painful learning experience besides SYR.
I am aware of the JV with Eminent and Elcora
The latest data I have indicates shipping 5 tonnes to a pilot plant, to discover the flake size distribution, purity etc and then build a pilot plant in Tanzania.
Not a lot of data out there that is compelling that they will be mining anytime soon even with a pilot plant.
02 August 2019
https://www.mining.com/nova-scotian-firm-builds-pilot-plant-to-process-tanzanian-graphite
I find it interesting they don't mention WKT (the project with the high grades), but they mention MNS as a high grade project (LOL) who has the neighbouring tenement to WKT and they mention SYR when its mining in Mozambique as if its relevant.
TON is in Mozambique, not Tanzania or in the Ruangwa District ;...
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