Hi all, Now that UNX has released their Exploration Target (based off solid drilling and correct lab protocols), it's time to look again at the different graphite stocks.
Note, this comparison is based on drill depths down to 100m. I've done this as I don't think any of the graphite plays will be looking to excavate below that depth for many, many years. So any results below 100m are not counted here....no point spruiking what you're unlikely to sell.
1. SYR (using cut off of 13% as per their reporting) 130 million tonnes @ 17% for 24.45 million tonne of contained graphite (deposit size increases to over 280 million tonnes @ 14% for 37 million tonnes TCG with cut offs down to 5%) Market cap of $590M Clearly the leader in this class in terms of size and grades, however large portions of their overall deposit sit below 100m Solid drilling and lab results to back up numbers MOU signed with 3rd party....majority of flake size on the medium to powder spectre
2. UNX (using cut off of 2% as per their reporting) 400 million tonnes @ 6.5% for 26 million tonne TCG Market cap of $32M Easily number 2 of the Oz graphite stocks based on size. Very large shallow deposit. Solid drilling and lab results to back up numbers
3. TON (using cut off of 2% as per their reporting) 103 million tonnes @ 5.52% for 5.69 million tonne TCG Market cap of $27M Unsubstantiated resource with only 2 drill holes (to depths of 145m) and surface samples taken. Will require a lot more drilling to prove up ambitious target.
4. TLG (using cut off of 10% as per their reporting) 7.6 million tonnes @ 24.4% for 1.85 million tonne TCG Market cap of $17M Large parts of resource size taken from pre 1990 exploration data
5. KNL 14.9 million tonnes @ 10.5% for 1.56 million tonne TCG Market cap of $20M 50% of deposit large to medium flake size
6. VXL 7 million tonnes @ 7% for .5 million tonnes TCG Market cap of $69M Producer?
7. AXE (using cut off of 2% as per their reporting) 5.27 million tonne @ 7.6% for .4 million tonne TCG Market cap of $15M Measured resource
8. LMB (using cut off of 2% as per their reporting 7.14 million tonne @ 4.73% for 0.34 million tonne of contained graphite Market cap of $101M Drill depth to 200m as resource under 100m would be evern smaller Slick reporting, but give where they rank on this list provokes the question why such a large market cap.
They say DYOR....I finally have!
MNS Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
(20min delay)