Ann: Pre-Feasibility Study confirms viability of McIntosh Project, page-25

I just spoke to a mate who says he had a good conversation with Mike R yesterday. In essence he was very impressed, encouraged and bullish. As previously discussed in this forum it seems that Mike only wants to call it as it is and if that means a little of the exuberant froth has to come out then so be it. The point to stress is (again as previously discussed) graphite is a very customer specific product so a lot of the work goes on behind the scenes and doesn't necessarily allow for a constant flow of drivel (depending on which company you are). It is absolutely clear that we have a particularly valuable resource which will become more apparent as the end product becomes a little clearer. Also, the speculation on the opex reduction is right and substantial and was only quoted now to be consistently conservative.

My mate said that anyone who is serious about HXG should simply call him and you'll find your sleep improve considerably and you'll most likely be pretty motivated to pick up a few more down here. This is a very good investment but whether it's a good buy for a trade I'll leave to the better punters than me.