Ann: BKT achieves 99% TGC on both Graphite Primary Mineralisation-BKT.AX, page-32

"if they can match the MNS quality, a 20 bagger. if they fall between SYR & MNS, an 11 bagger"

here, i am not referring to the (99%+) purity of the concentrate (since BKT smash SYR in terms of concentrate purity, since SYR has 95% purity requiring expensive chemical upgrading to 99%)

i am referring to what is called 'yield' of the concentrate when making spherical graphite

MNS concentrate has a very high yield, smashing SYR

BKT need to at least fall in between MNS & SYR in terms of yield

if BKT yield the same as SYR, their graphite might be worth $1,500/t (vs SYR $800/t) due to the exceptional 99%+ purity

if BKT yield the same as MNS, their graphite might be worth $2,000+/t (vs SYR $800/t) due to the exceptional 99%+ purity

otherwise, they fall in-between, which is still excellent

my speculation & bet is BKT have far better 'yield' than SYR because Tanzanian graphite is harder than Mozambique graphite, thus better for sphericizing (I speculate)

....