An extra $500,000 in the bank is good in a junior miner's perspective because it helps BKT get a foot up the ladder or pay for mining permits, etc.
New Delhi, Beijing and Shanghai are not going to get blue skies in a day. But you may be encouraged by the actions happening in the real world. There are big moves towards less polluting electric arc furnaces using synthetic graphite anodes to produce iron and other metals. We also know about the demand for natural graphite in electric car batteries and renewable energy.
No financial advice intended, but it is likely that BKT has demand lined up via the big new graphite anode factories under construction. BKT can be a natural graphite supplier and our product has been tested well by leading end users input. Hence, it is expected financing and mine construction announcement in the next few months. Otherwise, maybe we should start asking questions after that?
Market analysts have highlighted the difficulty in getting finance into junior mining projects in the past decade and after the global financial crisis (GFC), etc. Some analysts recently said that money flow is going out of several popular sectors like Crypto Currency, Cannabis stocks, Tech stocks and housing markets (basically these sectors have been running good for too long and a natural cycle to slow motivation of investment - but nothing wrong with that), and a good chance greater investment flow would return back into the junior mining sector (no investment advice intended).
Hence finance for mine construction may not be too much of a problem if the numbers add up. Management at BKT says they do.
BKT looks like it is positioned well to construct a mine, become graphite producers and start generating revenue in the next 18 months. Only time will tell if investors are right!
