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Digging in for the long haul

There are few obvious parallels between iron ore and coal, and graphite and lithium, but the recent travails of so many small companies in the former sectors can only serve to remind investors of the enduring value of ‘fundamentals’ in the mining game. Fundamentals such as deposit quality, production costs, and margins.

While early exploration success has been a big short-term value driver for some companies in the graphite space in particular, in recent times – in defiance of the general resources market malaise –