RE: Possible US Graphite Boom!10 Jan 2024 11:50
Bought out by who? Graphite is a commodity no major is involved, apart from RIO in SVML but graphite is the by-product and super low grade (0.5%).
Most likely a candidate, if you asked me 6 months ago I would have said is Chinese but due to DFC and offtake potentially not being Chinese. I don't think it will be the Chinese anylonger specifically due to DFC involvement, I'm sure there is some poison pill or gentleman's agreement no major Chinese involvement. Possibly other Graphite play like Syrah taking over, but they can't even break even in Mozambique and have closed the mine for now.
Takeover now, end of year, 2 years, or 3 years would be for peanuts compared to the potential value of this gem.