An interesting point you make about what we know; Tanga and Merelani are unvalued, yet hand-picked tenements.
If a competitor was actually serious and managed to get into production, they'd have to buy another company/tenement to expand from there. KNL, thanks to Epanko, Tanga and Merelani has no such expansion problems. And we all know Merelani is a better resource than Epanko.
It's part of the reason (as well as our customers and expected bank funding) i think KNL is an actual takeover target for one of the big boys looking to move into graphite. Others are sexier, yes, but they do not have the fundamentals behind them that KNL does.
Chart Setting Itself up for a Major Run...., page-165
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