Thanks goldhunter.

Even if you think that they only have 27M tons of raw ore in the east pipe and nothing in the west pipe, that is still 13 years worth of production at 100k tons per year of finished product at a grade of 5%. The company has stated that 100k production per year was their target. Since even the most conservative approach yields enough ore to give us 13 years and management has stated this as their goal, I think we are safe to use that number.

In terms of profit, cost of production should come in around $500 but could be lower since the company plans on being able to recoup most of their reagent during the caustic bake.

Now, have a look at this link, it show the price for sale of vein graphite from Sri Lanka at a purified grade of 99.5%:

http://graphite.com.co/online-store/#!/~/category/id=5291633&offset=0&sort=priceAsc

You will see that 500kg sells for $13k per ton. Our profits therefore should be running $12500 per 500kg. But to be conservative again, let's say our profits are $10k per ton. With a production rate of 100k tons per year, our profit could easily be $1 Billion dollars. Our market cap this morning is $270M. We are still hugely undervalued even by these conservative numbers. At a PE of 5, our share price would be $83!!

Like I say, sit back, stay away from the sell button and let this freak of nature do it's thing!

Glorieux