Today's action is probably the best indication that Uley needs to be listed on the TSX to realise anything like it's true value and we probably should recognise MM efforts to get it there.
Having another look at Northern and rather struck by the low grade/cost of extraction in comparison to Uley. While Bissett Ck is mainly large/jumbo flake, earlier reports for Uley claimed 33% 100+, 33% 80+ & 33% 50+, it has a very low grade:
"Using a cut off of 0.986% graphitic carbon (“Cg”), they now total 25,983,000 tonnes grading 1.81% Cg in the indicated category (470,300 tonnes of contained graphite) while inferred resources total 55,038,000 tonnes grading 1.57% Cg (864,100 tonnes of contained graphite)" when compared to Uley's JORC at 8.7%.
Many other aspects of the deposits are similar re infrastructure, shallow deposit, open at length, etc but in grade/COP Uley is miles in front.
Seems we need to stand up on the TSX to get recognised however.
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