....current NAV is not 25cents...it is ~$1.25...so 5 times...

....current NAV is not 25cents...it is ~$1.25...so 5 times that....that excludes the value of 40 years of reserves (Balama is home to about 50% of the world’s known graphite reserves).... which could easily be worth >$1billion in a year or two when price is over $1000.... and still have over $100M in the bank....which is more than the current market cap....and ZERO cash debt...

...all depends on unknown knowns... share has lost 80% of its value last years...98% in last three years...and then people still want to hand their shares over to strategic accumulators...

10,000 ft...graphite’suptake in the EV is gaining momentum, but its primary end-use stillremains the global steel industry.... but I have posted this link before if you want to educate yourself:

Slide 7 & 10:

http://www.masongraphite.com/investors/presentations/default.aspx

...most of the pipeline projects (slide 7) are trying to fundraise.... why would you hand over $600M for a new graphite pipeline project & then wait 3 years for construction completion...when you could rather use that $600M to buy Syrah of the shelf ...that equates to ~$1.5/share...

..my 2 cents....