MLS Overview, page-2

Also the resource is likely to increase substantially at Lac Rainy as only 1.7km of the 4km strike zone has been drilled. So I would guess it could easily double in the short term. The results coming back from Prographite in Germany will also confirm the quality. I see in your calculations you have conservatively used the lower end of the price scale. Once results are back from the lab we might find the resource is worth multiples of this value. I know there is current concern about future lithium prices but the graphite market is less volatile and people forget Mls is predominantly a graphite play.