2021 Best Undeveloped Projects - BEM, page-3

Thanks heaps for sharing that, Mick. It certainly makes the current SP a gift to any looking for a very promising spec stock.

What should have prospective buyers clambering for BEM is not just the 125% upside indicated but the fact that Argonaut's report is based on the following (suggesting there could greater upside):-

• The Maniry graphite project ONLY
• A scoping study that is OLD

The report's target of 27c doesn't take into account that BEM is about to design and construct a fully financed JV plant to produce Expandable Graphite.

Its also based on graphite grades that are much lower than recently drilled and assayed. BEM's imminent resource upgrade would have to add substantially more to the upside for BEM's undeveloped Maniry project.

With the name of our Expandable Graphite company now known, and more interest coming into our forum, suggests to me (anyway) that the accumulation period could soon be over. The much awaited price accretion could now be on the horizon (finally)!