Argonaut, page-49

its crazy, nearly everysecond stock I look at has a similar chart. its not the companies fault whatsoever but Ive done my research like many others here and just bang for buck wise, at a $13 million EV I am confident that the market will one day in the next 18 months be forced to make this at least a 60-70c company based on its earnings. 2 mines at a minimum of 40,000 tonnes of graphite - basket price being ultra conservative of approx $1258 (as management have stated) = $100.6 m less costs of $489 per ton = net of $769per ton = $61,500,00 m/pa net profit - and I am being conservative.....the good part is that the capex KNL will be required to raise is achievable and not out of reach.
Take it a step further, MNS got a binding offtake at $2k per tonne - if KNL gets halfway there say $1625 for their basket price = $90m net
oh and from the Berlin presentation - at 9.64% Epanko has the highest grade graphite mineral resource to be delineated in Tanzania, next company has something like 5.2% - dont know dollar terms but that is probably a significant difference in cost per ton of concentrate if those percentages are extrapolated across the resources....
my point overall is I am looking for bags, multiple multbags even, and being patient - ever so patient I think we are onto something here.