News; News; News is coming, page-21

Great SP performance this week (and without the help of any news yet).

It strikes me that the production of small batches of graphene from the high purity crystalline graphite extracted from its SL mines - via the quick and easy (all done in 10min !!) electrochemical process - doesn't require huge expenditure, or further R&D.

Initial customers for this high grade graphene will likely be wanting relatively small quantities.

The MRF process is easily scalable to allow the company to gradually develop it's production to meet demand. (without major expenditure).

The expected announcements regarding mining licence at Pandeniya, and first production this calendar year means MRF will be in production, and earning income, within two years of moving it's focus to Sri Lanka. Not many other Aussie miners manage that.

There are so many advantages to MRF in this developing industry - easy to understand why Warwick Grigor has got involved and taken a stake here.

The latest share price action indicates some of his FEC clients are taking his advice.

Now, when's that NEWS coming?

As always, DYOR.