Not sure myself whether if Pontois and Felice by themselves are worth mining as they are only small tenements, I would think they would have to expand outside of PMT's Corvette borders if they do find something good, but wouldn't mind being surprised.
But we now know that MLS have good battery grade graphite, while tenements are small compared to the likes of Siviour, it has a similar size to NMG's Matawinie Mine on the "Tony Claim Block", our grades are also high, and location being in Quebec puts MLS on the same continent as some major EV and battery manufacturers, meaning they don't have to ship stuff and if they do choose to, Europe is a lot closer to them than Europe is to Australia.
Here is a side by side comparison MLS Lac Rainy and NMG's Tony Claim, now to be realistic MLS probably won't catch NMG in MC, as NMG have a geographical advantage only being 140km away from Montreal, so pretty close to the US border, Lac Rainy is a lot further away from the US border and 15 hours from Montreal or 12 hours and a bit from Quebec City, but still not too far from a town though, they say 22km from Fermont, but believe that is a crow fly distance. Google says 35 km by road to Fermont or 56km from the larger Labrador City across the border in Newfoundland, Google stops detecting the road just a little north of the Lac Rainy East border on the other side of river, but can confirm by satellite images the road crosses the river.
MLS Price at posting:
4.6¢ Sentiment: None Disclosure: Held
(20min delay)