requested to repost so modified from original post as it was a...

requested to repost so modified from original post as it was a reply to another poster.

I see the difficulty when comparing other graphite companies and their equivilant SP is location ie country tier risk.

Im of the opinion and the SP is reflecting my opinion at the moment is the location where VRC has bought their mine and plant in the Ukraine.

the bunyu value was obviously priced into the current SP if you look at the SP before the Ukraine acquisition announcement earlier this year. bunyu is a great tenament and plenty opportunity for growth. Tanzania is one of the fastest growing resource countries in africa.

RNU is in South Australia, yet to build a processing plant but is in a tier 1 country, no sovereign risk.

MNS building manufacturing for batteries in USA and Australia also tenanment in Tanzania, tier 1 countries for manufacturing.

EGR building manufacturing for batteries in Western Australia, tier 1.

BKT close to building a processing plant etc, has funding and backing from Australia and Tanzania govts. POSCO funding and offtake. Massive win for them. not tier 1 but massive backer in POSCO.

VRC is close to 70% acquisition of their graphite mine and processing plant in the Ukraine (plans completed and 12 months timeline to modify plant to process graphite for anode batteries). cash flow generated, exisiting 30% partner and experienced workforce. Ukraine, Russia standing over them and rampant corruption. (this was a quick uneducated google search, i am happy to be corrected). the average aussie investor automatically thinks of unrest and high risk when Ukraine is mentioned, me included.
Bunyu tenanment in Tanzania with scope to assist in funding for Bunyu by the recent acquisition.

i feel this is the reason why we are seeing the current SP and comparing them with the above is not i believe a fair comparison.

the VRC story is a great opportunity, its taken some balls for VRC to get into graphite producing in the Ukraine. they have definitely got the mine and plant cheap. empire building doesnt start without risks.
Bunyu will be a great compliment to the Ukraine acquisition.

my risk exposure to this story is high but i can afford it.

i am not down ramping or up ramping, nor cross promoting. i hold VCR, i bought at 2.6c, i look forward to this speccy's story.

my portfolio is mostly speccy stories like this, classic example is SYA

IMO DYOR GLTAH