DNI Metals Inc DMNKF

RE:RE:RE:NEXT Madagascar Graphite deposit just got mining licence

[louisc]

just crunching some numbers, with the 1.5 M raised from the warrant switch, plus the 500K from the Alberta claim sale, DNI should have close to enough to pay for the pilot plant according to Dan, so it's looks like minimal dilution (if any) to start producing grahite by fall ... 

Dan : "We’ve pretty much completed the engineering on the process plant. What we have decided to do, because of some of the news that we put out yesterday and will continue to put out here, we initially thought we would just build a small pilot plant. We have now decided that since we’ve got demand and we’ve got offtake demand in Korea … I’m going to get into some of that details here in a minimum. … that we’re going to increase the quality of the plant, make it a little bit sturdier and everything else.

Initially, where we thought the cost was going to be about a million to a million and half, that’s going to be probably closer to two million, maybe as high as two and a half million dollars, but what that will do is increase the efficiency in the plant, also make it a lot sturdier and stronger that instead of just being set up on trailers and moving it around, it might be a little bit more permanent right now, because we’re going to need the feed for that "

Read more at https://stockhouse.com/news/newswire/2018/01/18/dni-metals-%E2%80%93-assay-results-processing-plant-offtake-agreement#HyHDKRsst0CCwRXD.99