NGC Has Over $2 Billion Worth of Drill Proven Grap The recent N43-101 completed by Northern Graphite shows there is a drill proven indicated and inferred resource of slightly over 900,000 metric tonnes of graphite that has the highest average value per tonne and the highest margin in the industry worldwide. This is 45 years of 20,000 tonnes of annual production.
At a conservative $2500 per tonne (could easily be $3000+) this equals $2,250,000,000 worth of the highest quality graphite in the world. The flake size at Bissett Creek caused a new category of graphite to be created and named - jumbo flake. It is the only deposit in the world where jumbo flake is available in tonnage, never mind large flake.
The drilling program and resource estimate confirm that near surface graphite mineralization exists in an area that is now over one square kilometer in size. The kicker is that the deposit remains open along strike to the north and the south, and down dip to the east so the amount of known graphite can easily be substantially increased to meet production demand as needed!