We have a 43-101 report now that gives us roughly 1.4 million tons of 99.9% graphite that could sell for $7,000.00 to $20,000.00 on the open market. I know roughly 470,000 tons is inferred but they are saying these pits are open at depth and that they have been restrictive in their study due to the high quality of the graphite.

So if we for examply have a mine with 1.5 million tons of 99.9% quality graphite is this what the mine is worth:

1.5mil tonnes x $7,000/ton = $12,000,000,000

1.5mil tonnes x $10,000/ton = $15,000,000,000

1.5mil tonnes x $15,000/ton = $22,500,000,000

1.5mil tonnes x $20,000/ton = $30,000,000,000

Am I missing something here or does this look right.