Before this can considered seriously
Two questions need to be answered
1. Property is way up north where everything is expensive. It's actually close to Red Dog mine and Lik deposit.
Red Dog operating and transportation costs in 2010 were about $100/tonne ore. Lik estimatates $75/t ($50/tonne for other than mining)
If you have 2-3 times the costs, the grade needs to be 2-3 times as well (Graphite Creek)
2. This property has not seen any drilling. Yet people are throwing around 200 million tonnes with 6% graphite with no evidence to back it up. Come on, do you buy gold mines based on grab samples and short trench as well?