RE:Clueless FUD1When you, GripnRip, stated "dumb schmuck thinks 8 yrs mine life isn't much....", were you looking into a mirror at yourself, lol!
It's not surprising that you, GripnRip, would rather try to insult me than to actually deal with and genuinely address precisely what I stated regarding you not knowing exactly how much more capital and consequent common NGC "minority" shareholder dilution would be required in order to necessarily sufficiently "prove up" that preliminary data and then go about actually mining that graphite resource within what has been clearly stated on behalf of the company as being "a constrained" existing pit location.
Tick, Tock goes the clock GripnRip.
Since you consider yourself to be so "full of clues" with respect to the jr. resource mining sector, you may want to attempt to explain away how it is that NGC is likely going to be halting mining at Lac des Illes during 2024 (likely during Q3/4); this due to having mined clean, at the proposed rate, the existing graphite reserve at LDI and at that time not being anywhere close to being prepared to actually mine some supposed newly discovered (remember that NGC has to have performed all the work necessary in order to satisfactorily prove up the proposed graphite resource remember?) reserve of graphite whithin the existing pit at LDI?
Did you ever think that perhaps Hugues Jacquemin & Co are in such a hurry to extract the remaining graphite out of the ground at LDI and close down the LDI processing plant, so that the LDI processing plant can be sold off piecemeal with the remainder of the NGC assets?
During the Q&A period following the investors event talk, do be sure to ask Hugues Jacquemin & Co about how the constrained nature in mining out the so called 1.5 Million tonnes graphite find could ( and I am not asserting that it will) ultimately make actually mining such a proved up reserve uneconomic?
In my opinion, the open pit design simply did not in any way consider nor in any way seek to accomodate any future mining of graphite resource beyond what had been originally proved up by or on behalf of Imerys Graphite and Carbon.
This is, in my opinion, why no further attempts on the part of Imerys Graphite and Carbon had been undertaken to expand further the life of the Lac des illes mine.
Imery SA principals knew well what it would cost and especially knew the complexity involved mining, in a constrained manner of course, a newly discovered graphite deposit found within the exiting pit.
Now you know why there has been no further interest by "Sprott" in supporting a higher share price for Northern Graphite corporation.
Spin your wheels, burn the capital "Sprott" lends you and then "Sprott" and the others come in for the kill, so to speak; taking all the remainder of the NGC assets and privately selling each of them off in order to scrape the remaining Northern Graphite Corporation bones clean the the remaining meat.