Great Post Hicbart
LMB is the one I would like to focus on as you have correctly stated that their drilling is to 200 metres. Their total resource at the McIntosh deposit is 7.14 million tonne at 4.73% TGC for a contained resources of 340,000 tonne
Imagine if we brought this back to a depth of 50 metres and reduced their contained graphite by 75% in unson with the depths drilled by UNX?
They would have 85,000 tonne - 0r 0.085 Tonne
UNX has 26 million tonne of contained graphite to 50 metres depth.
26 million tonne divided by 0.085 Million Tonne = 306
UNX will have APPROX 300 more times the amount of Graphite to a depth of 50 metres vs LMB. They reached $1 recently - we are 14c
By the way the Metallurgy at Lamboo in a simple flotation with no chemicals used was nothing short of average. I will discuss this in more detail later stage.
Refer to their metallurgy announcement as of 12th March 2014.
By the way I fully commend LMB Management for Marketing their company beautifully.
Their corporate presentations, website etc is very slick and well constructed.
This is the real reason along with broker recommendations that they have achieved strong share appreciation.
Good lUCK TO THEIR SHAREHOLDERS.
Cheers
Matt
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