Where's the flake?

I have been tracking this stock for a while. However, I have been reluctant to invest the money as the deposit so far does not seem to stack up on the fundamentals. The deposit is large but the latest results from the drilling don't make it a Balama-esque deposit (as I see it being continually touted as something as good or better).

Apart from grade, my primary concern is the lack of flake size. I have not seen any mention of flake in the latest release (why not? They have diamond core, there should be some evidence of flake size). The results of the Cobra Plains metallurgy (from April 2014) show that 98.7% of the graphite is < 75 micron. Only 1.3% is greater than 150 micron. Considering the huge amount of what is essentially graphite powder (or amorphous graphite if you prefer) I don't see anyone chasing the 1.3% (by mass) of coarse flake that is available in this deposit.

Looking forward to seeing some information regarding the flake size distribution at Nicanda Hill. Without some appreciable amounts of medium to coarse flake I don't see this project going anywhere.