Lets Keep It Real

Here is the link once again -

http://www.csaglobal.com/wp-content/uploads/2015/07/Pg-50-55-Graphite-success-08_15_proof_5.pdf

Before I start here is some background on the authors of this article -

* Andrew Scogings - CSA Global employee who worked on KNL's mineral resource (err thats what we call having

* Jason Chesters - works for Pattersons Securities who funnily enough cover VXL -
(Ironic that they received the highest mark!!!!!!!)

Point 1 gives a score on Deposit Size, Contained Graphite and EV Value - I don't understand how SVM or KNL get a higher mark than MNS, when their deposit size, contained graphite and EV value is below that of MNS.

Point 3 gives a score on Flake Size Distribution - KNL and MNS get the same score despite MNS having a far superior product with 88% in the Large/Jumbo/Super Jumbo categories.
Also TON gets a higher score than SYR when their flake distribution is inferior? They have no clue.

Point 5 gives a score of Offtakes - MNS has the largest Offtakes with the most reputable parties in the world at present in the complete graphite market, but gets a 6 which is the same score KNL receives.
KNL has a 10,000tpa offtake done many years ago with an unnamed party!!! Yes Unnamed.
Even better LMB gets a 6 for an offtake WHICH NO LONGER EXISTS!!!!
They are clueless.

Point 6 give a score on the timeframe to production - MNS gets a 2 and KNL gets a 6, looking at the latest reports MNS will beat KNL into production.

I could go on and on however the report is so out of date and inconsistent it is not funny.

Looks like paid research to me!

Cheers

Matt