Focus mentioned in article........................ Comparable preproduction graphite companies…
| Company | Project | Tonnage* | Grade* | Insitu graphite | Insitu Value | Market Cap* | Est. cash flow per year* |
| Northern Graphite | Bisset Creek | 60Mt to 80Mt | 2% | 1.5Mt | $4B | $80M | $30 to $40M |
| Flinders Resources | Kringel | 10Mt to 20Mt | 7% to 10% | 1Mt | $2.5B | $80M | $40M to $50M |
| Focus Metals | Lac Knife | 8Mt to 15Mt | 15% | 1.5Mt | $4B | $72M | $50M to $60M |
| Energizer Resources | Green Giant | 100Mt to 200Mt | 6% to 8% | 8Mt* | $20B | $40M | $100M to $150M |
*When stating tonnage and grades it is all relative considering cut-offs, estimates and probabilities. The above are just approximates and are meant as a rough guide. Market caps do not consider fully diluted valuation. Rightly or wrongly, these are the assumptions I used to arrive at my figures. Northern Graphite is at 2,500tpd per tonne @ $6,000, Flinders is at 750tpd @ $2500, Focus is at 750tpd @ $2000, and Energizer is at 2,500tpd @ $2500. Cost assumptions are $40 to $45 for FMS, EGZ, FDR while NGC assumes $80 per tonne to get $6,000 product.