The Conversation (0)
In an article for Seeking Alpha, Ben Kramer Miller analyzed Focus Graphite’s (TSXV:FMS) in spite of the latest results from the company’s Lac Tetepisca project. The author stressed that emphasis should remain on Focus’s Lac Knife project, with Lac Tetepisca remaining as an added benefit.
As quoted in the press release:
This does not alter the bullish thesis, which is that Focus has the most advanced, high-grade flake graphite project in North America that is on the verge of construction once financing is secured. Furthermore, the company trades at a small premium to the value of its Grafoid holdings – estimated to be C$39 million after their recent secondary at C$5/share – meaning that investors are essentially getting the company’s graphite properties for $16 million despite the fact that they are worth far more than this. The Lac Tetepisca Project is just icing on the cake so long as management’s priority remains Lac Knife at this crucial moment.
Click here to read the full Seeking Alpha article.
Click here to see the Focus Graphite Inc (TSXV:FMS) profile.