Post by
Mookster3 on Dec 29, 2020 11:39am
NOU should take out Mason
With NOU's current market cap 10x that of Mason Graphite, NOU would have to be crazy not to take a run at Mason (see comparison below). Mason's mining project is fully licensed and ready to go with impact/benefits agreements already in place and some of the major equipment (grinding mills) already delivered to the site. Considering Mason's much higher grade (28% C), capital and operating costs will no doubt come in much lower when the final numbers come in.
The Mookster
NOU vs LLG December 29, 2020 update
Data from June 30, 2020 (NOU) and June 30, 2020 (LLG) financial statements and latest corporate presentations.
Nouveau Monde Mason
(Matawinie Project) (Lac Gueret Project)
Proposed graphite production 100,000 tonnes/year 52,000 t/y
Graphite grade 4.3% 28% (first 25 years)
Mining and milling rate 2,300,000 t/y 190,000 t/y
Waste/ore strip ratio 1:1 0.8:1
Capital cost $276 mm $258 mm
Operating cost $499/ tonne C $484/ tonne C
Mine and mill permitted no yes
Market Cap 262 mm so (446 diluted) x $1.20 136 mm (139 diluted) x $0.39
$314 mm $53 mm
Cash - accounts payable-debt $ - 9 mm $25 mm
Enterprise value $323 mm $28 mm
Comment by
BlueMagic on Dec 29, 2020 12:18pm
The most important thing with graphite is to reach 99,95% purity at the lowest cost. Mason flakes are not pure enough to make that project profitable. Can we now just focus on NOU please instead of Mason,QS,Metalhead etc.