I can see what you are saying too, I have held a few stocks...

I can see what you are saying too, I have held a few stocks that have gone nowhere as well avl spings to mind.

Which of those tenements you mention above really has the potential to be a company maker - they all probably reasonable, but would they move the company from under 10c a share to over a dollar per share ? We all want that to happen right?

How many graphite mines do we have in Australia? Is it an economics/pricing/cost thing that we don't develop it - maybe we need to look at something else in the meantime, until the economics improve, or sell it.

Personally, I look for a company that has a well-known resource type that have historically performed well in Australia like Gold, Iron ore, copper, coal etc. Then I like to see high grades, if at exploration stage that's rock chips, then I don't want to see billions of shares on issue, and I like to see that the share price is low enough that I can buy a hundred thousand or so.

Sure, they will need to do several placements as drilling proceeds, but if the results justify further drilling the share price moves up and the numbers of shares issued is less. (thats the theory)

After that proactive management, that can see they have something worth exploring until the question is answered about grades and resource size.

I feel this is kind of a go big or go home situation and i hope management have a go big attitude, and claiming the vacant land next door is a good sign of that.