Stratmins Marketcap was only AUS$ 10.5m before the news, now...

Stratmins Marketcap was only AUS$ 10.5m before the news, now it's $13.5m

Compare that to

Kibaran Resources..$32m
Valence Industries..$51m
Talga Resources....$51m
Triton Minerals......$115m
Magnis Resources...$108m

Interesting comments by

Chris Berry, Graphite Industry Expert:

The point of this note is not to pick winners or make companies look bad, but rather to point out some of the inexplicable dislocations in the graphite space.

How a graphite producer, have the lowest market capitalization and enterprise value of its peers? Regardless of the industry, shouldn’t a company generating revenues be more valuable than one that isn’t?

A Graphite producer ought to have a higher valuation than aspiring entrants.

After all, the proverbial boxes have been ticked:

Permitting, sufficient infrastructure, customer base, real producing assets (as opposed to highly speculative land with evidence of graphite), revenue and operating cash flow.