Nsomniyak Thank You. Just getting back to the computer and was going to answer Trader with the $ 1Million spending info.
The asset was written off. Far to much CAPEX and lower grades previously. DNI doesnt have the resources or man power to go it alone. If DNI chose to push vanadium in lieu of graphite I would probably bail because of the risk and long wait. Im still convinced DNI has one of the best graphite properties on the planet, graphite is and will be in high demand for at least several years, its an easy, economically feasible project that will go together quick and cheap to just make cash. That scenario is going to change the Market cap/price quickest.
This Bucton deal is just a vehicle to help get the to graphite producer. If it turns into something, it should be large. DNI has an option to participate in the future or at least a future royalty. Thinking about that, this deposit is huge and 2% off the top would be a large asset for DNI.
Now if it Bucton were worth a whole lot more, than someone would have offered a whole lot more esp with battery metals in the light. Or maybe it Is worth more, but the cash is worth more now to DNI than later?
What DNI needs now is some confidence from the market and a little promotion. With the right people promoting and a couple more steps forward from DNI, they should be back in a good spot.
Checkmate28
