An encouraging announcement I thought. Was further encouraged by...

An encouraging announcement I thought.

Was further encouraged by the rather well worded "Black Rock is confident a sensible and credible development agreement is achievable with the Tanzanian Government. Such agreement supports continued economic development of Tanzania, and permits finance, construction and operation of the Mahenge project."

Says a lot succinctly in a few words.

Also of significance, coming from a management who certainly are not prone to over embellishment.
"We believe that we have the best graphite resource of our development stage project and look forward to incorporating this development into the soon to be released optimised PFS, that considers an third milling module."

I have been following a number of graphite hopefuls and there are better grades than BKT out there and better in MNS's case - at this point - purity. However there is no 'hopeful' I believe that has a superior over all resource, and product, than BKT, all factors considered, yet we still go largely unnoticed. To a large degree this has been due to a lack of promotion by management, which is now being addressed, and a distinct lack of knowledge/research of graphite investors.

Encouraging are the understatements of BKT management, bit different from commentary of some other graphite cowboys. Bit wary now of the little boy who cried wolf.

John de Vries has been a breath of fresh air to this Company with concise presentations and a compelling depth of knowledge thus exhibited.

BKT, it should be acknowledged, is run, largely, by a successful business man, not a lawyer, accountant or geologist...

The elephant in the room, obviously, is the fact that money is needed to run the Company, at some stage there will be further dilution. However every miner is subject to that, and the best, most profitable resources will prevail.

Directors are running BKT on the smell of an oily rag and doing their best to raise the share price.

" Initial (sighter) testing in Canada has returned up to 99.6% TGC concentrate from an amended four stage flotation test circuit, confirming that straight forward flotation can deliver pure final products ready for end usr applications."

Goes over the heads of the "graphite intelligencia" apparently.

Anyhow, good luck all.. been a concerning few weeks!

Don.