- Sri Lanka is one of the fastest growing economies with a GDP of 8% between 2010 and 2012
- The Sri Lankan government is promoting foreign private sector investment
- There is excellent infrastructure and experienced mining labour available
- The country is English speaking with a high literacy rate of >92%
- Sri Lanka is run by a democratic government, and is a member of the Commonwealth
- There is excellent exploration and mining tenure available
- Subject to Board of Investment approval to mine high grade vein graphite for export, MRL may receive:
- A tax free holiday period
- Duty free imports of capital equipment
- Streamlined repatriation of profits
Right now there has not been as much Flake Flight as I am Predicting. In time though I expect most Owners of Flake to look for excellent Vein opportunities in my opinion.
Right now MRF is just getting going. When the market realizes the picture we will see all those long-termers from last year compounding while I think we will see a great many new holders getting a stunning piece while it is so oversold.
Kind Regards
MRF Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
