Question is whether or not the market has been anticipating this one? They have been bantering 15KM strike length for a while now, so this resource re-estimate is simply confirmation of this.
I begged to differ, the company has not drilled any more of that 15km of strike, they have only drilled 8% of this strike.
The previously reported estimate 3.6 mt @ 23% containing 828,000 of contained graphite
Now, we have 5.6 Mt @ 24.6% cg in the Indicated. 2.0 Mt in the inferred, which equates to 1.8 Mt of contained graphite, @ 10%cut off. Other companies would only dream to have this great grade and would be happy to have our cut off grade as there resource. This company is in for a rerating, with Mark Thompson addressing the mining communities and brokerage companies and investment banks in Stockolm, London, and Australia shortly. Also do not forget the Chinese delegations Mark Thompson is taking to Sweden. I should imagine some investment houses will be reading over this release as I write. All looking great as far as I am concerned.
Cheers. Simmo.
TLG Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
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