It is great news for CUL especially if it helps restart the...

It is great news for CUL especially if it helps restart the WPIOP feasability study, a decision shortly I believe.

I also think CUL is in a good place (and in good company) right now for other reasons:

The Chinese government is going all in on electric cars. After all, China is currently plagued with some of the worst air pollution in the world. It’s also one of Tesla founder, Elon Musk’s prime targets for the company’s global expansion ... While the Silicon Valley-based automaker has made a name for itself selling high priced, high performance electric cars, Musk’s goal has always been to become more like Henry Ford than Enzo Ferrari.

http://www.*.com.au/chinas-electric-car-market-not-tesla-2016-3?r=US&IR=T

Baosteel - the fourth largest steelmaker in the world and a substantial CUL shareholder - has invested $26 million in 'exotic' minerals R&D just in Australia over the last five or six years. Baosteel may just be positioning for a significant stake in the future of China's (and the worlds) affordable electric powered automobile market, imo. How could it not?

On a side note, of some minor interest:

Alwyn Vorster latest exec to make trek to graphite
The Australian
March 23, 2016 12:00AM

‘Graphite is a key ingredient in the lithium-ion batteries used in electric vehicles and home battery storage … Vorster remains in his role at Baosteel.’

http://www.theaustralian.com.au/bus...e/news-story/6c9017013a1f96e3243928718720e844

Or if you can’t hack or subscribe then read here. http://tearsheets.news.com.au/publish/20160323/AD_36272622.pdf

Regards.