Ann: MRL doubles Sri Lankan graphite licence holdings, page-27

Hi Biggles.

I too had similar concerns over drilling some time ago.

Right or wrong, I came to the conclusion drilling is probably not the most accurate way to explore - much like a gold vein.
The thin veins are difficult to explore, and more difficult to intersect with a drill.

I'm not sure of other methods though.
Drilling does not appear to be a great method here - will disappoint more often than not.

Positively, at this location, graphite veins are supposed to get thicker as it get deep.

I think the SP is staying low due to:
1. No absolute evidence there is sufficient graphite to be commercially viable.
2. No current buyers of the end product.

These are not negatives though, they are simply goals that need to be achieved.
The company appears to be capable of achieving these goals IMO.

If you buy now, and these two points are sorted out, then ride the wave.
At least I hope so...

Be patient if you are able.
Still some work to do.
News is a little slow....expected better news by now.

Good luck all.