| What is the Upside for Lomiko? We are glad you asked that question! That’s why we need sunglasses. Below is a news report regarding our nearest neighbor that has gone through the PEA and Feasibility process with the result being a Discounted Net Present Value of $ 750 million and a $50+ million market capitalization. Please note current tonnage amount at Lomiko’s La Loutre Graphene Battery Zone is 3%-3.6% and there is 36 million tonnes in the defined area. The new Refractory Zone at La Loutre was drilled in 2019 and will add much more tonnage, but more importantly, it will increase the grade reported in the new 43-101! Please see the drill map After a Preliminary Economic Assessment, the La Loutre Project should generate a much larger Discounted Net Present Value than our current market capitalization of $ 4 million. From news agency Stockwatch: Pierre Renaud and Eric Desaulniers’s Nouveau Monde Graphite Inc. (NOU), unchanged at 20 cents on 219,000 shares, has signed a benefit-sharing agreement with the Municipality of Saint-Michel-des-Saints. Mr. Desaulniers, President and CEO, puts a colourful spin on the arrangement, which he says has strengthened the social, economic and environmental development partnership between the company and the town. Rejean Gouin, mayor of Saint-Michel, is proud of the deal, adding that he is “certain that it will benefit all citizens as well as future generations.” Matawinie hosts nearly 96 million tonnes indicated at 4.28 per cent graphite and 14 million tonnes inferred at 4.19 per cent, all of it in the West zone of the company’s Tony claim block. A feasibility study, completed late in 2018, was based on a reserve of nearly 60 million tonnes at 4.35 per cent graphite, enough to last about a generation. The study contemplated a mine capable of producing 100,000 tonnes of graphite per year, enough to support a discounted net present value of $750-million after taxes. Still, before the town sees the annual cheques covering 3 per cent of after-tax cash flow, Mr. Desaulniers will have to find the $276-million to build the mine and get it running. |
For more information on the Company, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: [email protected].
On Behalf of the Board,
LOMIKO METALS INC.
A. Paul Gill,
Chief Executive Officer
Tags: #Anode, #Battery, #Carbon, #Demand, #Electric, #graphite, #High-Grade, #Imerys, #Ion, #Quebec, EV, graphene