Ann: Uley Graphite Grade Increases to 11.7%, page-45

sounda, are you suggesting that if the ASX closed tomorrow for 5 years the inherent value in VXL could not be realised?

Buffett suggests mkt guesses at value, recorded daily as SP/mkt cap, are not necessarily a true reflection of underlying values. That's when he buys stuff, on a sense of mispriced values. Holds true irrespective of asset class although granted that juniors like VXL would be more subjective.