reading up on the molo deposit...
It is absolutely massive....and not to mention the fact it's very close to the asia where there is no shortage of demand for graphite.
call it now $1 be end of next week.
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Resource Delineation
The Company completed its resource drill program consisting of:
- 47 holes, totalling 9,246 metres
- 19 trenches, totalling over 2,100 metres
The Molo has a potential deposit size between 80-120 million tonnes*, at a grade range between 5 and 8% carbon (C). The Company anticipates the Molo will be the world’s largest known single source deposit of high-grade graphite. Molo’s size and scalability will be a barrier to entry for other producers.