Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by scissors14on Feb 29, 2012 7:26am
334 Views
Post# 19602798

RE: Catalyst

RE: Catalyst

Northern Graphite Corporation, (TSXV:NGC)

Target Price: $3.50 Rating: BUY
ANALYST Marc Pais | 416. 864. 2609 | mpais@mgisecurities.com
 
INVESTMENT THESIS
 
Northern Graphite owns 100% of the Bissett Creek graphite deposit located 300km north of Toronto, Canada. Close to Infrastructure: 17km from the Trans-Canada highway, electricity and natural gas; Access to major North American steel and automotive markets in Ontario and Michigan
 
Metallurgical Testing and Pilot Plant production have demonstrated the potential to produce high-value large flake graphite. We believe there is also the potential for the deposit to produce a very high-value spherical graphite product
 
Large flake graphite is a premium product in high demand for the production of lithium-ion batteries, fuel cells, vanadium redox batteries and pebble bed nuclear reactors
 
Strategic Value – Potential to provide security of supply to a growing North American lithium-ion manufacturing market
 
POTENTIAL CATALYSTS
 
2Q’2012: Bankable Feasibility Study; Test production of spherical graphite
3Q’2012: Receipt of major mine permits
1Q’2013: Initiation of mine construction at Bissett Creek
 
VALUATION
We have valued Northern Graphite using a DCF analysis that incorporates a concentrate graphite price US$2,500/t, spherical graphite price of $7,000/t, a discount rate of 12%, mine life of 20 years, and production start date of 1Q’14. We calculate a net asset value of $3.50 per share.
 
RECOMMENDATION
We are initiating coverage of Northern Graphite Mines Ltd. with a BUY rating and 12- month target price of $3.50 per share.
 
Bullboard Posts