They do have over $1 billion in proven reserves, this is a massive large flake graphite deposit of some importance, it is at surface too so it will be an open pit mine, very cost effective to mine this ore.
I am guessing this is at least a 10 year mine with less than a 3 year payback, watch the numbers on the next announcement we should be impressed.
Disclaimer:
I call them the way I see them, if you disagree then the truth is hidden somewhere, and the truth will never be hidden for very long.
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