I don’t think they will kick off tolled production of Spherical...

I don’t think they will kick off tolled production of Spherical graphite until Montepuez Stage 2 at the earliest. Tolling is one of the scenarios in the agreement.



https://www.asx.com.au/asxpdf/20171219/pdf/43q93ngm3lqstt.pdf

Urbix are planning to complete their plant next year:

https://urbixresources.com/arizona-...-will-add-jobs-and-environmental-sensitivity/

With the Feb 2017 SPG PFS they were chasing 99.99% PSG. A slight drop in purity but results look good for better recovery.

We’re also still waiting to see whether the MoU with Meiwa will be converted to a Binding Offtake.

https://www.asx.com.au/asxpdf/20171031/pdf/43ns8bqxwkxgls.pdf

Benchmark Minerals Graphite conference commences tonight. Visit to US may provide an opportunity for marketing and further discussions with Urbix would have already occurred.

http://www.benchmarkminerals.com/events/graphite-anodes-2018/agenda/

Hopefully they are having discussions in Asia as part of the trip.