I hope the new CEO can increase MLS graphite resource that's been long overdue. RNU has graphite resource of around 100mt @ ~7%. Its MC is around $200m. If MLS can increase its resource from 13mt @ 11% to say around 50mt with increased grade (based on their ultra high grade discover in some areas) to around 15%, MLS would be in the in the same league with RNU resource wise. I think RNU's market cap is high due to their advancement in the downstream capability. But with some positive news of MoU or offtake agreement along with the resource upgrade, it wouldn't be impossible to get to $100m MC. I hope the new CEO can make it happen.
I hope the new CEO can increase MLS graphite resource that's...
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