KNL Update 31/05: "Previously reported (refer 9 May 2012) work carried out by Tanzgraphite’s geologists in conjunction with the technical data provides sufficient information to estimate a potential Exploration Target of between 3.5 million tonnes and 7 million tonnes1 of graphitic schist grading between 10% and 15.5% Carbon for the Ndololo Graphite Project based on a technical review of the 1945 report, and follow-up technical analysis and field work identifying a strike length of 5km and projected to a depth of 40m from surface."
So, 3x longer in strike - 17.4k mand more than 3x more width below the surface.
An excitable fan of KNL could guestimate up to 70 million tonnes of high grade graphitic schist inferred, just for Ndololo. It's big. I think they've found a 'Whopper'!
DJ
KNL Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
