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Sunday, August 16, 2020 1:45:28 PM
They have a lot of confirming/proving to do
All they really have to do is prove up certain zones and start a commercial partnership with a big company that wants the goods, they have a 33 year lease, like the CEO said: a steady ship. So this ship can be put to sea for decades and company and important stakeholders can reap the rewards. Automotives will need graphite for many years to come, and as they try to outperform eachother in EV, highest purity graphite will be essential.
For a junior they're progressing at a rapid phase IMO, which is obvious due to the high grade goods they have in a very political stable environment. I assume Sri Lanka will be happy to facilitate the mining operations as COVID-19 probably also had an impact on import/exports for the country as a whole. Ameca will bring economic growth, jobs and GDP, really a win-win for all parties involved.
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