MLS 0.00% 1.9¢ metals australia ltd

Ann: Bulk Graphite Concentrate Finalised for Battery Testing, page-56

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    Synergy, it gets even better at Focus. They have higher graphite concentrate of circa 15% per tonne. We have circa 11%. Similar jumbo flake concentrate as well. And Focus Mkt Cap is circa $11-$12 million. Our Mkt Cap is circa $32 million. Less say $19 million cash gives us an EV of $13 million. So, you would say comparable. Yet, Focus is way ahead of where we are. So, it begs the question how can anyone say we are undervalued based on the graphite deposit?
 
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