1.5 million tonnes of graphite concentrate. Assuming jumbo flake grade. Price is $US1800 per tonne.
Resource Value = 1.5 million x $US1800 = $US2.8 billion. Convert to AUD circa $3.5 billion resource.
With upside! Plus close to the surface. 90% within 100 metres!
Ridiculously undervalued.
Ann: High-Grade Maiden JORC Resource at LacRainy Graphite Project, page-39
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