Ann: CRL and International Graphite to create integrated business, page-24

Well if they have just secured $8m in value on shares of an IPO that may or may not hit the ground running it doesn’t leave much of a valuation of Barraba and Mexico,my maths tell me both are valued at only about $6-7m if the SP finishes the day at 2.5c. Expectations on the graphite may have been a little bit lofty but if Matt is confident about the graphite tenement resource grading sit could become a master stroke as in if IG surges to 50c ps that then becomes $20m in the bank which is more than the actual MC of Comet at the present .My view is its a pretty good deal and he can now focus on the other two projects.Not sure about the dump but I’m holding happily with what I’ve got.