- Mason Graphite's Lac Gueret Project is large and high grade, and therefore seemingly appealing..
- However it lacks the large flake graphite that commands a higher price ad which will be in demand for use in "green" technologies such as lithium ion batteries. .
- Furthermore, the company's PEA uses an outdated graphite price, which means the stock isn't as undervalued as the PEA's NPV statement would have investors believe..
- The shares aren't overvalued, but they won't give you the exposure you're looking for assuming you want to participate in the secular uptrend in graphite, which is a large-flake story.