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Bullboard - Stock Discussion Forum Mason Resources Inc V.LLG

Alternate Symbol(s):  MGPHF

Mason Resources Inc. is a Canada-based company. The Company is focused on identifying, evaluating, and pursuing business investment opportunities. The Company holds shares in Black Swan Graphene Inc., which is focused on the large-scale production and commercialization of patented graphene products aimed at several industrial sectors, including concrete and polymers.

TSXV:LLG - Post Discussion

Mason Resources Inc > Lac Gueret compared to Graphite Creek deposit in Alaska
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Post by Mookster3 on Oct 20, 2023 5:33pm

Lac Gueret compared to Graphite Creek deposit in Alaska

In July, Graphite One received a $37 mm grant from the US DoD to advance the feasibility study of their Graphite Creek deposit in Alaska, which is touted as the largest in the US. With today’s announcement from China of export restrictions, a comparison with Mason’s Lac Gueret deposit is once again of interest. The chart below, shows that Lac Gueret outclasses Graphite Creek in every category, except one; market cap. Note that GPH capital costs, NPV and IRR include the Phase II graphite processing plant in Washington state, whereas LLG values only include the graphite concentrator at Lac Gueret (producing 94% C, same as GPH). When NOU’s Phase II processing plant in Becancour is also included in the upcoming DFS, it’s probable that economics will become further skewed in Lac Gueret’s favour. Also note that graphite pricing is FOB China from more than a year ago, and both companies now use higher values in their PFSs.   
 
Ore Value Calculation
FlakeMesh
size
Price/t
(US$)4
 Lac Gueret (LLG 50%)
      Grade 17.5%2
      (385 lbC/t)
Graphite Creek
  Grade 6.5%
    (143 lbC/t)
    % lb/t   $/t %  lb/t  $/t
-32 $6200       63  9   25
-50   1200 13  50    27 8 11    6
-80     500 16  62    11 13 18    4
-100     490 14  54    12 15 21    5
fines     375 57 219    37 58 83   14
              Total ore value $87/t              Total $54/t
 
   Deposit size (mmt)   66  22    
   Contained C (mmt)  11,300 1,258    
    Production1 (mmtC/y) 500  77    
          Strip ratio 1.3:1  3:1    
   Capital Cost ($US mm) $1048 $1240    
         NPV (US) @ 8% $1606 $1400    
        After tax IRR %          26%  22%    
  Payback (yrs)    3.2  5.1    
           
     Market cap (mm)  $33    $134    
           
1) production rate proposed in PFSs
2) average grade of larger scale mining operation proposed in revised PFS; previous DFS proposed mining the higher-grade core zone @ 28% C.  
3) from Fig. 13-2, of GPH prefeasibility study.             
4) FOB China, 2021
Comment by 1student on Oct 21, 2023 4:21am
Great information Mookster3 Here I am wondering whether Rio Tinto, Ford and "friends" would especially now be wanting to earn into and seek to greatly expedite the developement of the Lac Gueret graphite deposit into a yet another Quebec based graphite mining operation? Nouveau Monde Graphite has it's hands full with it's original $1.4 Billion graphite mine to anode battery ...more  
Comment by Directvoice on Oct 22, 2023 12:59am
Totally agree with you. It is the only way to go forward for Mason. Especially now that EV manufacturers want to have long time agreements with miners to secure graphite. Even more true since Friday :)