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Northern Graphite Corp V.NGC

Alternate Symbol(s):  NGPHF

Northern Graphite Corporation is a Canada-based flake graphite producing company. The Company 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/electric vehicles (EVs), fuel cells and graphene, as well as advanced industrial technologies. Its mining operations include Lac des Iles, Okanjande and Bissett Creek. Its products include Flake Graphite Products and Porocarb Products. The Lac des Iles (LDI) mine is the only flake graphite producer in North America. The LDI mine is located approximately two kilometers south of Lac-des-Iles, Quebec, 110 kilometers (km) northeast of Ottawa and 180 km northwest of Montreal. The Okanjande mining is located in Namibia, one of Africa's finest mining jurisdictions. It holds a 100% interest in the Bissett Creek Project, which is located around 15 km from the Trans-Canada Highway between the towns of Deep River and Mattawa, Ontario.


TSXV:NGC - Post by User

Bullboard Posts
Post by scissors14on Jan 16, 2012 9:52pm
228 Views
Post# 19410138

Byron Analyst Research Report - Jan. 12, 2012

Byron Analyst Research Report - Jan. 12, 2012

Northern Graphite Corporation

(NGC – TSXV,
.89)

Pilot Study Confirms Metallurgical Work

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Third Time's a Charm: In the past, the Bissett Creek project has had pilot plant work done on the deposit twice, once in the early 1990s and again in the late 2000s. It has, once again, confirmed the quality graphite that the deposit holds. Flake size distribution was consistent with half of the graphite concentrate being jumbo mesh (+48 mesh). Surprisingly, the carbon content was higher than in the past with an average carbon content of 97% using a simple flotation circuit. This is in line with our expectations and is similar to the metallurgical results released on September 23, 2011. The nature of the graphite at the Bissett Creek deposit is favourable as graphite with larger mesh sizes and higher carbon content demand higher pricing. We reiterate our SPECULATIVE BUY rating and $1.90 target price based on a DCF model and a 14% discount rate.

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Definitive Feasibility Study Is Next Catalyst: With the confirmation of the positive metallurgical work, we believe the feasibility is up next over the next few months. We are now more confident with our expectations of the upcoming feasibility study with these positive metallurgical results.

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