The Conversation (0)
Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) reported the results of its feasibility study for the Lac Knife Project, which was performed by Met-Chem Canada Inc.. Highlights included reduced operating costs as compared to a preliminary economic assessment from November 2013 and an overall average strip ratio of 1.8:1 for 25 years.
As quoted in the press release:
The study was based on a 25-year mine life that produced a Pre-tax Net Present Value (“NPV”) of $383 million calculated at a discounted cash flow (“DCF”) rate of 8% Pre-tax, the financial model has an Internal Rate of Return (“IRR”) of 30.1% and a capital payback period of 3.0 years.
The after tax financial model has an NPV of $224 million calculated at a DCF rate of 8%, and with an IRR of 24.1% and a capital payback of 3.2 years. A National Instrument 43-101 technical FS report will be filed on SEDAR within 45 days of this news release.
Focus CEO, Gary Economo, said:
Lac Knife is a remarkable property by any Canadian or international standard. As we have already demonstrated, Lac Knife provides us, and our shareholders, with a significant advantage. And that is: The ability to meet our customers’ needs for quality products at competitive prices.
Click here to read the Focus Graphite Inc (TSXV:FMS) press release
Click here to see the Focus Graphite Inc (TSXV:FMS) profile.