NMG needs Lac GuereteNMG is getting a big chunk of Lac Gueret at an awfully cheap price but feasibilty to a much bigger mining project, with the financial clout of Pallinghurst behind it, I suppose, is worth it. It was pretty obvious that NMG's Matawinie mining project with only $29/t ore would never be put into production, so perhaps now the sparing between the two companys is done. So does this mean that Mason shareholders will now have to put up with NMG's long-winded press releases??
The Mookster
Graphite Deposit Ore Value Calculation FlakeMesh
size | Price/t
(US$) | Mason (Lac Gueret)
Grade 28%
(616 lbC/t) | Nouveau Monde
(Matawinie) 4.3%
(97 lbC/t) | Northern Graphite
(Bissett) Grade 2.1%
(46 lbC/t) |
| | | % | lb/t | $/t | % | lb/t | $/t | % | lb/t | $/t |
| -32 | $6200 | | | | | | | 16 | 7 | 22 |
| -50 | 1200 | 13 | 80 | 48 | 20 | 19 | 11 | 42 | 19 | 11 |
| -80 | 500 | 16 | 99 | 25 | 32 | 31 | 8 | 30 | 14 | 4 |
| -100 | 490 | 14 | 86 | 22 | 34 | 33 | 8 | 12 | 6 | 2 |
| fines | 375 | 57 | 351 | 66 | 10 | 10 | 2 | nil | | |
| | Total ore value/t | $161/t | | Total | $29/t | | Total | $39/t |
| | | | | | | | | |
| | Market cap (mm) | $82 | | | $471 | | | $65 |