Mason Resources Inc V.LLG

NMG needs Lac Guerete

[Mookster3]

NMG 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

[VKventures]

Though it is LLG's initial public offering price almost 10 years ago, I think the sticking point for the share holders will be the 51% controlling interest NMG will hold... but beggars can't be choosers and at least the new board is doing SOMETHING to move the ball forward. Instead of waiting for perfect they're moving forward with good enough and in the end the share price is likely

[Marshall]

LLG will eventually be 100%bbought out.  This is is just the first step.