Focus Graphite Inc V.FMS.WT

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

Focus Graphite Inc. is a Canada-based advanced exploration company. The Company is engaged in the exploration and development of deposits of flake graphite located in Quebec, Canada. Its projects are Lac Knife and Lac Tetepisca projects. Lac Knife project is a high-grade crystalline flake graphite deposit located in northeastern Quebec, approximately 27 kilometers (km) south of Fermont. The property consists of approximately 57 mining claims covering 29,863 hectares. Lac Tetepisca project comprises two properties, Lac Tetepisca and Lac Tetepisca Nord. These properties are located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec, approximately 234 km north-northwest of the city of Baie-Comeau, an industrial city located where the Manicouagan River intersects the north shore of St. Lawrence River in the Cote-Nord, Quebec. Its properties form a block of approximately 115 claims, covering 6,000 hectares within the Manicouagan-Ouest Graphitic Corridor.

TSXV:FMS - Post by User

Focus Graphite Inc

Bullboard Posts

Post by StocksLynxon Sep 26, 2016 2:04pm

219 Views

Post# 25278811

Focus currently valued $0, Grafoid share with 75% discount

The Chairman of the Board Jeffrey York bought 571,429 shares for $0.175 in April.
https://www.insidertracking.com/company?ticker=FMS%2ACA

The CEO wrote: Focus continues to hold its 18% equity interest in Grafoid. This investment, now worth some US$39m, provides the company with an asset it can appreciate or use for Lac Knife’s development.
https://www.focusgraphite.com/presidents-message/

Current MarketCap is C$14.7m with about C$4m in cash, this leaves the enterprise value of the company at C$10m, which means Focus is valued at zero and its Grafoid share is valued at $0.25 for each $1 so with a 75% discount.

Bullboard Posts

Morning Market Outlook for May 28, 2024