Valuation 64c per share IIR research report, page-121

The last line is of the Lindi project on WKT's website is interesting , very short development timeline , 7 months from financing , looks like we could have a working mine by Xmas with a bit of luck ?

https://www.wkt.com.au/projects/lindi-jumbo-graphite-project/

Definitive Feasibility Study
A Definitive Feasibility Study (DFS) was completed in February 2017, updated in August 2017 in response to changing Tanzanian Government Legislation, and again in March 2019 incorporating the updated 2018 Resource and Reserve.
The DFS confirms the project to be technically sound with excellent economic returns even at potential softening price regimes for premium graphite flake material. Payback period for the project is less than two years. The DFS was based on an annual production of 40,000 tonnes of graphite concentrate with a high grade feed to the plant at an average of 230,000 tonnes per annum of the Life-Of-Mine (LOM) of 24 years.
The following are highlights of the findings of the feasibility study.

• Lowest operating costs in Tanzania of US$347/t in concentrate FOB at the port of Mtwara.
• Lowest upfront Capex in Tanzania of US$27.8 million.
• Highest Ore Reserve grade in Tanzania at 17.9%TGC
• Ore reserve based only on 37% of the Measured and Indicated portion of the Mineral Resource
• Very short development timeframe of seven months from financing.