Takeovers Panel - Nido Petroleum, page-122

  1. 7,912 Posts.
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    VRC need $30 mil to build there plant to produce 20kt pa, the graphite they produce is low 93-95% Carbon (There resource is only 4.9% C) similar to MNS, they will never get the $269mil USD to fund there project. I would avoid it.
    Even AXE grade isn't fantastic, 36mil AUD to produce 12kt pa, they have a process to make graphene through UoA or Flinders.

    WKT need $30mil to build there plant, there production is for 40 ktpa
    Resource is 16.9% c, after processing there graphite is 95%c
    Resource grade makes a massive difference. VRC need a $60 Mil investment to produce the same amount of graphite as WKT.
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