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 goldhunter11on May 01, 2013 5:34pm
94 Views
Post# 21326176

RE: Re: Resource Estimate

RE: Re: Resource Estimate

Hello Tiger,

In my opinion approval of the MCP would be a more important  step for NGC to proceed with the mine construction. They are shovel-ready and have lined up enough resource (equipment and cash) to start clearing the site. Agree that it's important to revise the resource estimate based on the results of the new high grade zones. But they have enough graphite resource in the current estimate to proceed with the mine as described in the BFS. NGC know where high grades are, and will start at these locations. High grades will reduce the production cost, and will improve the profit margin. As I see it NGC has enough graphite to last for more than 20yrs. The high grades would only help improving the economics. 

I have written to Premier Wynne  indicating the importance of the MCP and ask for her assistance in expediting the review and approval. Apparently rumour was: "not enough staff" to handle the review work load. 

I would suggest that all of us take some time to write the Premier as well. And that would help NGC to get that piece of paper. Some text is suggested below for your modification. Undoubtedly, NGC Management would be pleased to receive our assistance.

By the way, if you have others who would agree with the letter, then add their names and contact info to the letter as well...the more the merrier!

If you feel like it, you can pick up the phone and call the Premier Office, in addition to the letter...Does the Government has a Twitter account? If so, Tweet, if you prefer.

goldhunter

-----------suggest letter for Premier Wynne, feel free to modify-----------------

"Subject: Northern Graphite Corporation - Mine Closure Plan (MCP)

A major permit is for the Mine Closure Plan (MCP). The MCP was submitted, by Nothern Graphite  Corporation, on Oct 31 and it is supposed to be a 45 day process. This is a straightforward project with no environmental red flags and strong community/first nations support. So far the MCP has not been approved, apparently due to lack of staff resource in the

Fast tracking of straight projects such as NGC at Bissett Creek, by providing extra staff for the review, would serve as an excellent example to show that Ontario is a friendly jurisdiction for mining exploration and development."

Sent to: Premier Kathleen Wynne

e-mail: premier@ontario.ca, or

https://correspondence.premier.gov.on./en/feedback/default.aspx

Minister Michael Gravelle, Minister of Northern Development and Mines is responsible for this file. You can ask the Premier Office to forward a copy to him. It's always good to start at the top.

Bullboard Posts