Lamboo Resources (ASX: LMB) is our preferred graphite play, with a share price that's firmed by 2,200% since August 2013

Lamboo Resources (ASX: LMB) is our preferred graphite play, with a share price that's firmed by 2,200% since August 2013. The company's key attraction is its capacity to produce pure, high-grade flake graphite for modern applications. Robust commerciality has been demonstrated by recent Scoping Study results for its McIntosh Project in Western Australia, with an estimated total production cost of US$483/t of flake graphite concentrate over a 21-year mine life, using a base flake graphite concentrate price of US$2,000/t. Lamboo's share price has risen from a 12-month low of $0.04 during August 2013 to a current price of $0.93 - a gain of more than 2,200%. We acquired the stock at $0.09 during June 2013 and $0.049 during August 2013 for our Portfolio.


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Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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