GREY:NMKEF - Post by User
Comment by
Steamoon Mar 13, 2017 11:37am
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Post# 25971193
RE:NMX tweet from Joe
RE:NMX tweet from JoeJoe is talking about a research report just released by Eight Capital (formerly known as Dundee Capital Partners) about their recent site visit to the Whabouchi Mine and Shawinigan plant. I read the report - it's highly technical in nature, but it's all good news. They are happy with the progress and reiterate their Buy rating with $2.30 target. I don't have a link but here is a snippet: "Whabouchi deposit provides mining confidence, further improved by Doris zone discovery. Bulk sampling results appear positive as DMS and flotation concentrate production has begun...the first major milestone. NMX has a cost advantage as it uses its own low production and shipping cost concentrate. The Shawinigan Phase I Demo Plant is also taking shape. Electrolysis circuit has been commissioned and purification is about to begin. Nemaska is off to a great start, but mastering the five processing steps and creating high quality samples for purification beginning in April...is the next major milestone. These operational improvements and milestones should help decrease financing risk as management seeks $500 MM capital to build the full commercial operation."