time to invest in graphite as china cuts suppl, page-21

Yahoo quotes Focus at $58M and Northern is around $25M now I've checked but I wasn't really quoting them as a comparison to Uley but rather an illustration of the big ask for Mega to list at a value of $210M.

That's nearly 4 x Focus & nearly 10 X Northern and the basic graphite assets are fairly similar. Even if the Nth American markets accept the value of Uley at $70M how does Mega justify another $140m of value when they have shown us zippo to date other than a BS website, a tiny office in the back blocks and lots of warm fuzzies about technology & mktg skills?

The Indian deal might be a bit of a catalyst as they are not known for giving anything away but with Mega's track record of promised IPO's and reneged deals I'm not holding my breath.

Now Mega MAY have assets of great value, and SER Mgt & major SH's would seem convinced, but why haven't they put them on the table to get this deal done? Their CEO wrote to SER SH's back in August saying we'd have virtually an IPO info pack within weeks. Anyone get a copy?