Nothing about the Manitouwadge project has really stood out to me (yet). The grades so far are low (mainly hitting around 4.5%, with only very small hits of around 10% grades (1 or 2 metres worth) - as of announcement 5th Jan 2016).
Even if the company can expand the resource there are a host of would be graphite miners I can think of that have better grades than 4.5%. About 9 in Africa, 3 in Australia, 1 in Canada, and 1 in South Korea, and thats just off the top of my head. Now of course thats just looking at grading and there are other factors at play such as flake distribution and purity, of which, again there are quite a few with flake distributions better or competing with Manitouwadge resource.
The company really needs to hit the sweet spot with grades in this upcoming announcement, and if it does, don't expect much of a price movement, thats just the nature of the graphite sector.
The Lithium remains the key to this company's success IMO, thats where there is potential.
All IMO.
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