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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. 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

Comment by riverthamesviewon Aug 30, 2020 6:44am
88 Views
Post# 31476376

RE:Collateral damage

RE:Collateral damage

You are mistaken. It should and will more than likely be developed. Lac Knife is a desired asset. In years to come even more so. Most properties turnover change hands several times before landing in the hands of the developer. FMS has zero ability to develop Lac Knife. It should be sold. The new ceo was not brought in to develop it. Look at his background. He's an M&A guy not a mining guy. It's why I have said from my vantage point  the two most desirable paths going forward are a) convince Grafoid to use FMS as the conduit to going public or b) sell the Grafoid shares and Lac Knife. Use the proceeds to move in a different direction. Either of these two will require a massive share consolidation. It's anyone's guess what will happen but it should start with a minimum 25-1 share consolidation - should actually be higher. 


 

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