Post by
Ogopogo007 on Nov 01, 2023 11:53pm
No you are not accurate
There are 2 parts to graphite - mine and mill
LOM (Life of Mine) is made up of ore either stockpiled at mill or in the ground. As Imyrys (sp?) was planning to shut down LDI mine in 2024 as COO has stated, they spent squat on drilling to expand ore-in-ground.
Mill - takes mined ore and processes to customers specification, some customers may require more milling time than others so I don't know exact tonnage available from the mill per year. Will ask at PDAC 2024.
to get the mine and relocated mill back into production in Namibia will only require a dingy of capital thanks to the great deal Greg pulled off when these assets were purchased for pennies on the dollar.
Boatload of capital is required for the likes of Focus...$236,000,000 or FUD1's payment masters, Nouveau Monde..something like $1,000,000,000+
So NGC is really in a sweet spot of already a producer, LOM from LDI will increase a bunch (wait for drill results) and capital requirement in magnatudes less than the above Co's to bring Namibia back into production.
One could speculate the only graphite producer in North AMerica's phone was ringing off the wall after news from China hit graphite consumers in NA and rest of world. Who you going to buy from? Thanks to savy Greg.....NGC !!