I'm sorry, I wasn't clear. I did not at all mean to suggest that there may be graphite under Hay Mountain. In fact, I very strongly believe that LBSR is onto a high grade, or very high grade polymetallic porphyry deposit among it's 10 targets. [Graphite, by the way, is not a metal though it can be associated with metals.]

The question was "what else could it be". Until drill proven, it "could" be anything, inlcuding elephant snot.