The key is MRF doesn't need much to produce. However, as the concept of graphite vein is a new concept and goes away from the traditional nature of mining and proving up resources, these first set of mining operations and resultant outcomes - both in quantity and cashflow will provide financiers to ascertain risk assessments with greater clarity. In general, Financing i the ultimate tick of approval for any project.
Lets hope for a some positive outcomes and retest the previous highs
MRF Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held