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Focus Graphite Inc V.FMS.WT


Primary Symbol: V.FMS Alternate Symbol(s):  FCSMF

Focus Graphite Inc. is a Canada-based advanced exploration company, which is focused on developing high grade flake graphite deposits to supply battery grade graphite. The Company's projects include Lac Knife and Lac Tetepisca. Its flagship Lac Knife Project is a 100% owned, high-grade crystalline flake graphite deposit located in northeastern Quebec, about 27 kilometers (kms) south of Fermont. The Lac Knife project is comprised of the Lac Knife property plus an isolated block of 12 CDC claims located 11 kms to the north of the Lac Knife property on NTS sheet 23B-11 (Montagne-aux-Bouleaux property). Its 100%-owned Lac Tetepisca Graphite Project is located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec, one of North America's leading emerging flake graphite districts. It comprises two contiguous properties, Lac Tetepisca and Lac Tetepisca Nord. Together, the two properties form a block of approximately 126 map-designated claims (total area: 6,785.14 ha).


TSXV:FMS - Post by User

Bullboard Posts
Comment by slashnhackon Dec 20, 2013 1:00pm
237 Views
Post# 22027289

RE:The news is insignificant....

RE:The news is insignificant....yes it is. Unamed company LOL.

In Oct 2012 they put out a PEA touting the fact that they had an UN-NAMED company that was going to upgrade graphite at a cost of $5000 per ton in a facilty that was NOT yet constructed. FMS would then sell that graphite for $10000 a ton.

In a PEA update the above plan seems to have been abondoned and they now can produce at $400 per ton and they are using an average price of $1500 per ton as a selling price.

So if the 2012 PEA was valid back in 2012 it should still be valid now. Guess not it must have been a hope back then.

So now as per yesterdays NR FMS is going to sell 40000 tons per annum to an UN-NAMED company in China? Yeah right. This will likley go the way of the UN-NAMED company referenced in the PEA that was released in Oct 2012.

There is no way that FMS is going to ship all of this graphite from Northern Quebec to an UN-NAMED company in China and compete with Chinese production.

The retail investor might fall for this news but FMS has no credibility among serious graphite companies or investment bankers.


Bullboard Posts

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