@Starkode @walkdontrun Rather than hire a bunch of people to...

@Starkode @walkdontrun Rather than hire a bunch of people to spend another 6 months to a year building up to a capital raise or increasing the risk to an already risky speculative company with debt funding. They have gone down the de-risked 'fast path' which means that both parties can do what they are good at. Mineral resources can focus on getting to production in 3 years. And Hexagon can focus on marketing and getting out a high value product.


With a strong player like mineral resources as a partner, getting unconditional off take agreements will be easier. Buyers will be more willing to take on the long term commitment as they can be assured of delivery.

To me this is a brilliant move by the Board and GM which means they can get out ahead of the other junior graphites much faster, which is smart as there is (contrary to popular opinion) a limit to the size of the global graphite market suppliers, and the first movers will be the big players going forward.

We as share holders will benefit quicker and can be more sure of success than if they had gone down the 'potentially' more profitable road of doing it all themselves. It might not make the 1 billion market cap now but we can be nearly 80% sure they can make the 500 million market cap (in the next 5 years). And the that is missed in all this is that if Hex can find more value ads to their product down the chain, then there is the ability for the market cap to go higher.


I'm voting yes on this one. And I am very happy with the companies decision.