I think the simple answer to that question is that the others you speak of generally have a lower capex / tonne because they have based this on huge quantities of sales or extraction which brings capex / t down but which at this time is not viable as the market does not support this amount of graphite. Knl could have come in with a much better figure here if they decided to start out huge and then meet the market but they decided to start out small and meet the market when justifiable. It also has much of its strike not Quantified in their bfs but has allowed for the future use of this reserve with the much larger plant it is installing which can easily be scaled in the future when demand is reached. We also have another green fields site and a brown fields site ready to go when world domination is called for. Hope this helps.
Cheers
KNL Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held