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Northern Graphite Corp V.NGC

Alternate Symbol(s):  NGPHF

Northern Graphite Corporation is a mineral resource exploration, development, and production company. It is engaged in the acquisition, exploration, development and production of graphite and other battery mineral properties. It is focused on producing natural graphite and upgrading it into high value products critical to the green economy, including anode material for lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies. Its mining operations and projects include Lac-des-Iles (LDI), Okanjande, Bisset Creek, Mousseau West, and South Okak Project. The LDI graphite mine is located approximately two kilometers south of Lac-des-Iles, Quebec, approximately 110 km northeast of Ottawa and 180 km northwest of Montreal. The Okanjande graphite deposit, located approximately 22 km south of the town of Otjiwarongo, and the Okorusu processing plant. Its products include natural flake graphite, natural flake graphite for friction applications, and others.


TSXV:NGC - Post by User

Comment by 1studenton Jan 18, 2024 6:18pm
55 Views
Post# 35834830

RE:RE:Enough is enough.

RE:RE:Enough is enough. Frenchie18473,

Did you seriously expect anything different today from this crew of milking Northern Graphite Corporation dry C- suite officers and directors?

It would seem that Hugues Jacquemin & Co are not in any hurry to make anything other that the milking dry of Northern Graphite Corporation happen more quickly.

Ask yourself why the ramping up of production now; thus expediting the depletion of the remaining graphite reserve at Lac des Illes mine before any suggested as newly discovered and yet certainly nowhere close to being considered legitimate graphite reserves can be properly delinitated, proven up and actually mined in what would be a "constrained" and perhaps far too expensive fashion?

Keep in mind that Hugues Jacquemine clearly suggested, during a  recent interview, that NGC would be mining the newly discovered graphite before the end of this year, i.e. before the last of the existing historical graphite reserve at Lac des Illes is entirely depleted and all mining operations at LDI would end?

We can ask, is it the case that Hugues Jacquemin & Co want all the remaining graphite reserve at LDI mined and then procesed and provisioned for "Sprott" to sell forward, perhaps along with the previously mined and remaining existing graphite inventory at LDI; all this before the plug is pulled on this cash cow milking machine and all the other company assets are provisioned to existing NGC creditors?

I'm getting the sense here that all the assets of the company are already half way out the backdoor, so to speak.
It's perhaps "a backdooring" of the remaining NGC assets straight out the front door, courtesy of a persons whom I choose to call "missionaries on assignment", a.k.a. Mr, Hugues Jacquemin, Mr. Gregory Bowes et al.
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