Ann: Thick Intersections of Lithium Pegmatite at Manindi, page-1265

Most of the SP rise and MC value is on the lithium announcements so far, but keep in mind graphite has had nowhere near as much hype as Lithium has been getting, even though in weight 10-15 times more graphite than lithium is needed in an EV battery.

Here is a handy bit of info from another co with a graphite project in Canada

from the Northern Graphite Corp

"This growth rate is expected to continue as hybrid electric vehicles (“HEV”), plug in electric vehicles (“PEV”) and all electric vehicles (“EV”), and grid storage applications, are huge markets that are all in their infancy. This has significant implications for the LiB and graphite markets. The batteries are large and the potential demand for graphite very significant. By weight, graphite is the largest component in LiBs and they contain 10-15 times more graphite than lithium. Because of losses in the manufacturing process, it actually takes over 30 times as much graphite to make the batteries.There is up to 10 kgs of graphite in the average HEV and up to 70 kgs in an EV. There is far more in a Tesla Model S. Every million EVs, which is about 1% of the new car market, require in the order of 75,000 tonnes of natural graphite to make the batteries which represents a potential ten per cent increase in flake graphite demand. Because of the small size of the flake graphite market, even modest, conservative EV adoption rates will have a big effect on demand. LiB manufacturing capacity currently under construction would require flake graphite production to more than double by 2025."

Imagine what happens if graphite explorers pick up pace and get more attention on the ASX. Hopefully MLS's quality Lac Rainy Graphite Project gets noticed and gets an offtake deal with a North American or European manufacturer, this imo could significantly de-risk MLS.