I agree about the graphite being put in to MUS by the old...

I agree about the graphite being put in to MUS by the old management as your all too common MUS play - buy a lease next to an existing big player and then pump it to the unsuspecting market to support another cap raise. This play was repeated time and time again by the old MUS and it proved to be a disaster for the shareholder (worked out very well for management).

This play could actually get lucky and end up buying a lease with real potential. The current management of MUS seem to think that the graphite could be real and they are putting precious cash into the JORC (unlike the diamond play). The interesting question is what effect would a positive JORC have on the SP?