RE: RE: NGC Has Over $2 Billion Worth of Drill Pro Mackie Research Report - Jan. 12, 2012:
Bissett Creek is one of the most highly prized graphite development projects in the
world due to its unique metallurgy. The large flake content will allow it to realize
premium pricing. With a cash cost of $1,000 per tonne, and the long-term average
graphite price of $2,500 per tonne that we have used in our model, NGC continues to
provide evidence that it is on track to build one of the most profitable new graphite
mines in the world. Because of this, NGC should be able to sign an off-take
agreement in the near future, and emerge as a leading supplier of graphite into the
battery manufacturing industry. In addition, a number of catalysts are expected in
the near-term. The timeline for bankable feasibility study completion is Q1/12. The
Company intends to be in a position to start construction by mid-2012, and begin
commercial operations towards the middle part of 2013.