Ceylon Graphite Corp (CYLYF)

[ZetaReticuli]

This is a long term play but could pop on graphite prices rising.

They are going to use the proceeds from the offering they just did to build out more of their vertical shaft mines (they have 121 in Sri Lanka that are about a kilometer in size each).

They have a unique graphite story in that they mine vertically in shaft mines rather than horizontally in open pits because the graphite is condensed in veins that are very pure. They also have extremely high profit margins on what they are able to pull out of these shaft mines.

Long term potential is huge on this one.