You are also right in that both stocks are undervalued as LML has had two independent valuations of a fair value of 8-13 cents, I do realise that LML initially has a smaller mine compared to RNU, howver there is a significant larger graphite deposit located 1km to the south which is currently still being drilled, which you can see will be mined later on.
Both are still long term plays
LML Price at posting:
4.2¢ Sentiment: None Disclosure: Held