Lac Knife is a technology graphite play and always has beenReading through the last string of comments, of MurrayMac's in particular. The Lac Knife project has always been, and remains a mine-to-technology graphite play. The company is developing its own in-house, proprietary purification technologies for reasons of cost and control.
I was told by Don Baxter in a message some weeks ago that LK's fine flake samples are currently being tested using their newly minted purifiication process.
It needs repeating that FMS sits on the board of NAATBat - the U.S.-based battery industry organization.
One might presume FMS knows what NAATBat members are looking for in terms of quality, flake size, price and volume.
FMS' target market is the li-ion battery sector. It always has been and the company has structured its mining ops to meet that sector's future needs.
Messrs. Economo and York read market trends right four years ago, got into bed with the industry and Don Baxter was hired to build a mine that meets the company's business objectives.
It's that simple.
And along the way, FMS discovered they could make a silk purse from a sow's ear with 50% of LK's deposit being 98% purity fine flake tech graphite.
When a low-value product can be diverted to high-value markets, it begs the market to take a very serious view of the multi-billion dollar future potential of FMS.
Unfortunately, the market hasn't learned how to judge and score a quality project like Lac Knife. The Chinese have.