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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 nino9on Dec 20, 2013 9:17pm
355 Views
Post# 22029223

RE:Re:Inconsistencies

RE:Re:InconsistenciesSorry, hndh42hnt, your logic escapes me completely. If the plant is designed for 2,900 t/d and you run it on 79% of the design or 104 t/h, why do you design that plant for a higher throughput and spend all that extra capital? Furthermore with this lower feed the metallurgical performance deteriorates. Of course, in incidental cases this lower feed rate could happen, however it will be bad practice to prolong this situation. Tonnage should be as close as possible to the design to get optimum performance, variations will be harmful. You are correct, financing is a problem, which would not be helped by issuing sloppy reports. Equipment on site follows financing. I have been involved in many feasibility studies, but your logic of tonnage throughput I have never encountered. Personally I would be ashamed if I had any dealings with this report due to the inconsistencies.
Bullboard Posts