Ann: Exploration Target confirms high level of graphite endowment, page-13

Well that's one of the more detailed quarterlys I've ever seen. It seems that the new MD wants to reset everyone's time frame expectations back to zero and start again. This wont suit all holders who have had varying expectations but what is abundantly clear is the story is more compelling than ever and will deliver immense value over the longer term - however long that takes. Looks like funding is also very ok with the BMR float underwriting the next couple of years.

In terms of share px movements we may get a kick as we move closer to the PFS (and the ensuing roadshows and broker coverage) but this will depend on how many short termers no longer wish to hold. What does look pretty clear is that in 12 months time this company will be a lot more valuable