Fact checking is an endless exercise with bywrongs’ posts; however, it is also an opportunity to educate investors.
If you post that 22% IRR rarely get built (complete B.S.) please reference your source. Otherwise, its jus a meaningless Commet that is intended to mislead others. No one here listens to you anymore (credibility exhausted a long time ago).
Reasons why it is a virtual certainty that Lac Knife gets built:
- Pre-tax Net Present Value ("NPV") of $500.9 million
- payback period 3 years
- The Project's additional Measured, Indicated, and Inferred Resources will continue to be evaluated to develop the mid- and long-term growth profile for the Company.
- "It confirms that the project hosts a graphite deposit with an average graphitic carbon (Cg) grade of 99.7% in +80 mesh flake concentrate, which is exceptional in this industry.
-AND MOST IMPORTANTLY: Lac Knife is unique in that all natural flake graphitic concentrates produced with flake size above 200 mesh (75 microns) size are more than 98% Cg. This allows Focus to divert finer sized products that would typically be difficult to sell due to their flake size to higher value-added products such as spherical graphite for batteries, due to the high carbon content of 98% carbon.
Let’s compare this to Bisset creak owned by the company you own (NGC) but are so insecure about that you come here in a desperate, futile attempt to discourage investors with lies. After 10 years of this is it not obvious that you are not getting anyone to care about NGC?
BISSET CREEK: (feasibility study from 2012, 11 years old???)
My first comment is that there is a reason the executive summary is absent oif any comments regarding the potential of the deposit.
+48 mesh: 48.4 % at 95.1% C o +80 mesh: 28.2 % at 94.5% C o +100 mesh: 4.8 % at 97.3% C o -100 mesh: 18.6 % at 94.8% C
Bottom line: nothing over 95% carbon.
“Table 1.3: Bissett Creek Flake Graphite Deposit Mineral Resources (Diluted) Indicated Inferred %Cg Cut-Off Tonnage”
Grade Cg% from 1.8 to 2.5. That is as remarkably low as lacknife’s 99.7% is remarkably high!!! (I am no engineer, but I do know that 2.5% Cg is not minable.)
AND LAST BUT NOT LEAST.....IRR.
Lacknife IRR was calculated with a sales price of 2,180 $CDN /ton producing an IRR of 22%. I refer you to page 31 of the Bisset Creek FS. Using a sales price of 2,100 $CDN gives an IRR of 13.7%. So, I guess if 22% won’t move forward you can all but guarantee that 13.7% is not even worth considering.
Oh, but wait, NGC bought an operating mine (not even close to batter grade material) for almost nothing. A deal? Not when its losing so much money that it will likely bury NGC and any unfortunate investors.
The more you continue posting lies the worse it will get for you. But you feed off that in some impossible to comprehend logic.