Throw in the exploration target at sugarloaf... 50mT @ 10% is 5mT contained graphite.
Then exploratin at wilclo, lacroma, cut snake etc etc.
The tenements are riddled with graphite. Underexplored.
met work showing spherical graphite potential.
Using Tier 1 Anzaplan (same as RNU).
Key words for those searching old info. "Sugarloaf", "Monax" (Mike was the MD there so knows all too well about this), Lacroma,
I picked up some yesterday as delineated via twitter. Macro markets will determine whether that was a logical decision, but was prepared to buy at 46c on the upside potential so i quite like this value here. Just depend whether the wider market continues to offer gifts.
You can bet your bottom dollar that RNU money and others looking for the next RNU will look towards nearology. ITM is established with some solid resources and very positive testwork for spherical graphite production via the same vendor in anzaplan that RNU used. 1/10th the cost of RNU so that what we could work towards if the economics and viability is the same but realistically probably 2Y+ off being at the same development level. but additionally consider the REO project which was my primary investment logic which in itself should result continue or prove favourable warrants a similar market cap again (also again all dependant of viability. )
SF2TH
