Green Critical Minerals - Find me a cheaper Graphite play, page-22

The McIntosh Graphite resource was identified (JORC 2012) way before the current EV Revolution - the graphite demand is now massive.







CML needs to play catch up to its peers such as Renascor Resources Ltd who has a market capitalisation of $700 million.

CML's $18 million valuation thus has plenty of upside with a bit of work.

Triggers for a share price revision include

1. An updated Pre-Feasibility Study based on 2022 graphite market conditions (previously based on 2017 assumptions),
2. New management team,
3. Expansion of 24 mt @ 4.5% TGC for 1.1 mt contained graphite resource up to 80 mt at 4.5%TGC for 3.6 mt contained graphite (Target) based on recent field survey and geophysics data,
4. Future drilling program which can be funded by $5.1 million cash reserves,
5. Unstoppable Global graphite demand - now is the time for the project to be developed.
   

Graphite Companies below, the sector has only really started to evolve since 2020.