Latest Presentation -Exceptional, page-12

most graphite deposits do not work. even SYR is struggling now that its deposit is getting worked out. SYR stated in their last 1/4ly 80% of production was "fine" graphite. metallurgy & graphite consistency is critical for a superior deposit. whilst SYR can boast with the highest grade, biggest deposit, it really doesnt mean much more than that. what's important is how & the cost of getting to 99.99% purity. it is useless understanding cost of 98% concentrate, when the most important aspect is full cost to purity. this includes logistics & potentially the bad methods of getting to purity. SYR i am sorry to say they have a low quality product, that commands a lower sale price. Others argue that the graphite market is too small and SYR are getting this price because of soft demand / over supply. I 99% disagree with this thinking. yes the graphite market is small but if you add the natural market to the synthetic graphite market then the audience is much bigger. to compete in the synthetic market you need exceptional graphite purity & i believe HXG has this type of deposit. Full cost to 99.999 will soon be known, but early testing has demonstrated this can be done very easily in a cost effective way. that is most important when understanding which graphite deposits will be the winners.