RE: Industrial Alliance Update On NGC Reading between the lines:
"Northern Graphite Corporation is being forced to complete a 3,000m drilling program in Q3/12, which will enable it to upgrade enough resources to Measured & Indicated that will be used to update the current reserve calculation and try to optimize the mining plan to maximize the current poor returns. . .the company in it's defence still has some of the highest quality flake graphite on the market, but costs are on the high side. . .the news flow expected for H2/12 includes financing, but so far no one in the market has been interested in the package that has been knocking around over 2 months now, so hopefully approval of the mine closure plan, infill drilling and results from Hazen Research of the SFG testing may drum up some interest."
IMO.
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Kiril Mugerman, Industrial Alliance Securities (8/28/12) "Northern Graphite Corporation is expected to complete a 3,000m drilling program in Q3/12, which will enable it to upgrade enough resources to Measured & Indicated that will be used to update the current reserve calculation and optimize the mining plan to maximize returns. . .the company still has some of the highest quality flake graphite on the market. . .the news flow expected for H2/12 includes financing, approval of the mine closure plan, infill drilling and results from Hazen Research of the SFG testing."
GLTA.