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Focus Graphite Inc V.FMS.WT


Primary Symbol: V.FMS Alternate Symbol(s):  FCSMF

Focus Graphite Inc. is a Canada-based advanced exploration company, which is focused on developing high grade flake graphite deposits to supply battery grade graphite. The Company's projects include Lac Knife and Lac Tetepisca. Its flagship Lac Knife Project is a 100% owned, high-grade crystalline flake graphite deposit located in northeastern Quebec, about 27 kilometers (kms) south of Fermont. The Lac Knife project is comprised of the Lac Knife property plus an isolated block of 12 CDC claims located 11 kms to the north of the Lac Knife property on NTS sheet 23B-11 (Montagne-aux-Bouleaux property). Its 100%-owned Lac Tetepisca Graphite Project is located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec, one of North America's leading emerging flake graphite districts. It comprises two contiguous properties, Lac Tetepisca and Lac Tetepisca Nord. Together, the two properties form a block of approximately 126 map-designated claims (total area: 6,785.14 ha).


TSXV:FMS - Post by User

Bullboard Posts
Post by youknowwhaton Jun 08, 2017 9:28am
218 Views
Post# 26339608

Financing the Lac Knife project

Financing the Lac Knife projectAnyone financing the mine to production will likely want an updated Bankable (BFS) completed. They will require the mine closure plan filed. Once they have done DD on those items they will then begin a more through DD process. I know they have submitted the mine closure plan but there has been no update as to the status of it. The 5 million they are supposed to get next week will keep them going through the rest of this year. The money people will also likely want a 1 for 20 consolidation before they agree to finance Lac Knife. With the outstanding shares currently floating around new serious money will not go for that share structure. Too many shares to eat through.
Bullboard Posts