is Black Rock direct Competition?

HC - Catalyst Hunter report below:

The Catalyst:
Just weeks after announcing it now has the largest and highest grade graphite resource in Tanzania, Black Rock Mining (ASX:BKT) is now only days away from finalising a Scoping Study for its Project.
The Expectation:
The Scoping Study will provide high level economic data on the commercialisation of this graphite resource.
BKT is currently capped at less than $15 million – with economic data on a potential 30 year plus high grade graphite mine, expectations are that this imminent news could re-rate BKT to a valuation on par with its much larger neighbours, who are multiples larger than BKT.
Tanzanian Graphite:
Tanzania sits on top of the largest source of graphite mineralisation in the world and has more graphite than any other region of the world combined.
BKT’s resource sits amongst the biggest players in the region, but outscores them by holding the largest JORC Resource in the country and the fourth largest resource in the world.
At the same time, this is a high-risk stock and not for the feint hearted. The stock carries additional political and social risk due to the project being located in Tanzania. There is no guarantee of success here.
Management Increasing their Stakes:
BKT management have been increasing their stakes in the company over the past few months, accumulating ordinary shares in the stock – indicating these guys are strongly backing the company to succeed.
Capped at just $14 million, BKT has a lot of catching up to its peers to do, however it is well funded with $4 million in the bank, has strong management support and all the metrics in place to become one of the region’s most dominant graphite producers.
Beyond the Scoping Study, significant news flow over the coming months provides multiples near term catalysts for this stock