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Croc-file

8,515 Posts.

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15/05/20

17:39

Post #: 44647003
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Originally posted by vooose ↑

"quite obvious from the start"
"your"

I know you and OZNT have made valiant attempts to try and upskill yourselves as "self-appointed graphite experts" and like to try and chop it up with the people who are actually qualified in this area, but you really need to take a seat at the back of the bus.

Your "grade is king" statement was the easiest way to know that you are not trained as a mining engineer, geologist, analyst, or even a spatiotemporal data expert.

Flake graphite projects are essentially no different from other mineral exploration projects and quoting the total resource or head grade (TGC%) conveys very little about the quality of the product.

There is little talk here of the deposit geometry, liberated flake size distribution, bulk density, thermal stability, degree of crystallinity, or expandability.

Instead, you rely on Company talking points and reversions to the previously agreed project highlights that have obviously been circulated in offline email groups - perhaps at the behest of the Company.

All of this is fine, except you crap on every other project and even throw in Syrah and GPX in the mix.

In the case of Syrah its most interesting because this is a company that was able to raise hundreds of millions of dollars on a "biggest is best" project, while you have been able to raise $0.00.

WKT's CAPEX requirement is tiny and it's funding requirements reflect that, competent management should be able to get this done.

So, in conclusion, while GPX took its licks with an extraordinarily conservative DFS which cost more the USA$5 million, it was designed to a "Bankable standard" with the need for further CAPEX funding. Is it GPX's fault that COVID has seen its investor in some distress, no, but if they decide to keep the project, it has a strong study to support its metrics and who knows what happens in the future.

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Hi Voose Grade is King in flotation technology...I am not interested in your politics and only the laws of graphite apply...

General formula m(r+1)/g + p/g

Where m is mining cost, r is strip ratio, g is grade & p is processing cost

Grade is by far the most sensitive area...Distribution is of little value if you do not have high grade....No low grade project should be considered IMO...The models clearly do not work and the implications of SYR and Emery's are direct proof...

Regards Croc

WKT Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
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