GOA - On the face of it it looks like a "Goa" LOL but still a bit unclear on the historic Grade .. does the Drill core contain 50% graphite and 50% other material or is the Graphite 50% Pure.
We will not know the answer to this question until they redrill in the upcoming season (or they re-announce the REsult will more detail)... Have a read of the GOA threads provides some good insight.. It is rare but there are some deposits (according to the thread) where you can have graphite up to 80%+ Pure
The fact that they are now stating the prospect is now a AU/graphite target and not just Au leads me to speculate that they are infact onto something big...Technically it is a low risk entry and they have other large projects such as the flagship Cu Project in PNG also to underpin current price ...Also have Some cash. So I like it...
