Strike Graphite Corp.
posted on
Feb 27, 2012 05:36PM
Strike Graphite Corp. One of the Strongest Graphite Opportunities in the Market
Positioned to be Among First to Resource, Large Flake Graphite Focused with Plans to Achieve Resource by Q4 2012 in Saskatchewan
New article, recommended reading:http://www.miningmarketwatch.net/srk.htm Strike Graphite Corp. (TSX-V: SRK) (US Listing: SRKZF) (Frankfurt: QSG) is the subject of a Mining MarketWatch Journal Review offering insight and opportunity afforded investors as SRK.V is advancing three graphite projects, two in Saskatchewan and one in Quebec. SRK.V has plans to achieve substantial near-term resource at both of its Saskatchewan properties. SRK.V is positioned to be among first in the sector to achieve a sizeable large flake graphite resource in a market where industrial users of graphite are now realizing the need to secure proprietary sources. SRK.V has a market cap under $15M and Mining MarketWatch Journal estimates the Company is only ~$5M in exploration and soft cost efforts away from achieving a resource by the end of Q3 2012 (assuming planned exploration efforts/drilling continue to affirm and build on historic findings as expected) at its Simon Lake graphite property in Saskatchewan.
These are early days and the movement in graphite is in its infancy, shares of SRK.V near 30 cents (only ~12M market cap) have the potential for significant upside revaluation. The recent EM survey affirms the near-term likelihood of a flake graphite resource of significance for SRK.V at Simon Lake by the end of Q3 2012 and typically in the mining business when supply-criticality is an issue, as is certainly the case with graphite, the 'first to resource' gets the highest valuations and best opportunities (via offtake, financing through development and JV's). The current market cap of SRK.V relative to the inherent value of their projects appears disproportionate and presents opportunity for those establishing a long position now.