Most people are looking at this last year at least 5 x or more:
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"MRF has also commenced research into the production of spherical graphite as a beneficiated mine product.
Positive results could see the company realize 5 x current prices on premium flake graphite.
MRF is currently drilling the Bopitiya/Pandeniya project, testing for extensions of vein systems associated with over 40 historical workings.
The aim is to prove continuity of each vein system at depth in order to assess and prioritise the pre-development of the historical shafts.
Initial results have been outstanding, with first assays achieving Direct Shipping Ore results as high as 98.5% TGC (Total Graphite as Carbon).
We recommend a speculative BUY, based on further share price catalysts from the following anticipated positive outcomes;
- On Going Drilling, Q4, High grade, deeper , wider the better;
- Test work results, Dec 14, Beneficiated to > 99.95% TGC. Spheriodisation results;
- Off Take, MOU agreements, Q4 14, Q1 15, Battery Manufacturers;
- Permitting at Bopitiya/Pandeniya. Production development Aluketi-ya, Q1 15, Commercial production within 3 months of ramp-up;
- Production at Aluketiya, Q2 15, Cashflow; and
- Further Acquisition, Ground based exploration, Ongoing, MRF’s thirteen other exploration projects."
Source:
http://www.*.com.au/companies/news/...-speculative-buy-says-perth-broker-58812.html
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This was of course before the latest results!
Ore in one step into Graphene!
Looking towards 50c or even further at $1 is completely feasible and rational for example:
1/ The Premium Prices;
2/ Scalable Graphene;
3/ Product Range;
4/ Demand
5/ EV
6/ Batteries and Refactories
7/ China
8/ Graphene undercutting Market/Creating market
9/ Shifting Commodity Demand/Capital
10/ SL Importance and Specialness
11/ Graphite has had a Sri Lanka sized whole where it once dominated; now Sri Lanka is back!
12/ Australian Standards/Team
13/ Sovereign Risk/Leverage
14/ Tesla
The evidence is there about the Management Range. We may be talking somewhere within 18 months or so but the Value and Hidden Value is there to see.
The Long Term Horizon is used in most detailed FA and Financial Studies of a mine. It is not emotional to predict based on these data points a range well above where the market places it. In fact the market gets it wrong all the time. The key to value investing is finding those gems where the price has uncoupled from Value.
Who knows; maybe I am wrong !!! To Err is Human!
DYOR !!!!
