The McIntosh Graphite resource was identified (JORC 2012) way before the current EV Revolution - the graphite demand is now massive.
CML needs to play catch up to its peers such as Renascor Resources Ltd who has a market capitalisation of $700 million.
CML's $18 million valuation thus has plenty of upside with a bit of work.
Triggers for a share price revision include
- An updated Pre-Feasibility Study based on 2022 graphite market conditions (previously based on 2017 assumptions),
- New management team,
- Expansion of 24 mt @ 4.5% TGC for 1.1 mt contained graphite resource up to 80 mt at 4.5%TGC for 3.6 mt contained graphite (Target) based on recent field survey and geophysics data,
- Future drilling program which can be funded by $5.1 million cash reserves,
- Unstoppable Global graphite demand - now is the time for the project to be developed.
Graphite Companies below, the sector has only really started to evolve since 2020.
The McIntosh Graphite resource was identified (JORC 2012) way...
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $44.17M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 2.0¢ | 1.7¢ | $1.055M | 57.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 3398667 | 6 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| GCM (ASX) Chart |