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OT: VLE 50% every day for three days in row Nice!
You need to bring those before the big bump! LOL
Was not aware of that story since I gave up on petroleum
CPTMatt EV Nickel Graphite Batteries
A little outdated here since Lithium and Cobalt prices have moved up but
Nickel and Graphite are the largest elements by weight in the EV batteries.
Graphite overlooked
When downplaying the lithium supply issue, Tesla explained that the most important cost factors to a lithium ion battery included the cost of nickel and the graphite anode.
“The main determinants on the cost of the cell are the price of the nickel in the form that we need it… and the cost of the synthetic graphite with silicon oxide coating,” explained Musk.
Graphite has not experienced the price spikes that lithium is going through primarily because the price is driven by the materials’ consumption in steel, a globally depressed market.
As a result, graphite’s supply situation has fallen under the radar.
At present, Tesla uses Panasonic manufactured cells which use both synthetic graphite and natural spherical graphite for anode material, all of which is sourced from China.
For the Gigafactory, however, Tesla has had to source all raw materials itself and, in a bid to drive costs down and improve battery performance, Benchmark understands that Tesla favours the natural spherical product due to its lower cost profile and lower carbon footprint for manufacturing.
Today, 100% of natural spherical graphite is produced in China, and last year alone production expanded by nearly 50%. Increasing demand has seen prices of uncoated spherical graphite increase by 10% in the last two months.
While the country is increasing its spherical graphite capacity, there is a fear that there will not be enough quality product available for internal Chinese needs together with other emerging customers such as Tesla.
In many ways, however, Elon Musk was correct. Graphite’s importance to the cost of a lithium ion battery cannot be underestimated.
While the average cost of an anode is 30% of a battery, graphite is 50% of the anode cost equating to 15% of the cost of a cell.
Meanwhile, the average cost of the cathode is 40% with lithium being 50% of the cathode cost, equating to 20% of the cost of a cell (before the Q1 2016 price spike).
If you consider that there is more graphite in a lithium ion battery than lithium, the cost of graphite to a battery could be as, if not more, significant than lithium. It just has not been considered because the price of flake graphite feedstock is low and there is a synthetic substitute.
But considering the preference towards natural spherical graphite, and the fact that demand is outpacing new supply, it is a subject that could soon rise to the surface, and in many ways, that is thanks to Tesla
putting it on the radar.
http://benchmarkminerals.com/elon-musk-our-lithium-ion-batteries-should-be-called-nickel-graphite/
Newer article on the value of Graphite
https://www.prnewswire.com/news-releases/massive-graphite-shortage-looms-over-electric-car-future-652471503.html
With graphite, the issue is, currently they use synthetic graphite, but as the market can supply natural flake graphite, manufactures will save $400 - $500 per vehicle and get a more dense energy that is also much cleaner to produce. This what DNI Metals is setting up for and why I like it so much .
Checkmate28
MY best 5 BAGGERS list with the next $200gold/$10Silver move. These should all 5 bag with a PM bump and a little catalyst action.
DNI GWA ORV OMI PRU GORO EXN AG PRU have huge catalysts, deep value, near zero risk at current PM prices, are misunderstood and have near zero positive sentiment. Zero positive metal sentiment, is why I rotted on the PIC 3 as you cant beat the trend.
These companies are all in the middle of doing some type of deep transformation right now that I understand very well.
Happy New Year
Checkmate28
Gold just broke $1300 Im looking for the Miners to move hard first half 2018 just like Half 1 2016 when my account went up several hundred percent. Same set up. Both Avi Gilbert and Bob Moriarty almost if they were one, called the high at $1900 gold and $49 silver and the low at end of 2015. In both cases, they were 1st out with the call. Now everyone's on the wagon and because of tax loss, the shares are cheap.
Dec 2015 and Dec 2017 share the same very low sentiment.
PM's and the miners ran in H1 2015 and got ahead of themselves.
I see the 7 year cycle starting in Jan 2016 when we came off the bottom and were in the 2nd inning right now.
They've spent the last 5 years leaning out and many are operating very profitable at these gold prices. Poor sentiment has allowed them to increase value while share prices lingered.
Im going to play this PM run and diversify towards the clean energy and Battery metals for the more longer term since I see huge momentum in that sector for several years. Graphite, Cobalt Lithium, Copper Nickel are all going to be in heavy demand.
Checkmate28
OT Traderfan You have mail
rrten I think Dan did his DD pretty good and played his hand very well.
Remember he had no money and was working with nothing other than an undrilled property. No one was throwing money his way. The important thing is that he did his DD well enough to lock up Cougar with a perform or lose the property deal. Look where he is at now. 10 steps further and were going to end up with 100% of the property and ready to bang out a production deal. And yes we did see Randels cards today.
DNI Metals. Bob Moriarty on DNI and his favorite tax loss buys
I think Bob used the share count without the last placement or typo. Market cap is near $8M Cad
Tax Loss Silly Season Ending
https://www.theaureport.com/article/2017/12/18/tax-loss-silly-season-ending.html
DNI Metals (DNI-C) started the year at $0.03 and has done quite well, hitting a high of $0.155 in August before settling down to $0.085 today. I wrote about them in April and pretty much told the whole story.(link below) But the story has gotten better. DNI had done a 50-50 JV with an Australian junior who had committed to a major drill program and 43-101 and then failed miserably. I visited the project in October but couldn't write anything until DNI had finished booting the Aussie junior.
DNI is a graphite company with a primary project in Madagascar even though they sell graphite on behalf of a Brazil company. Realizing they had a problem with their partner, DNI began a core drill program late this summer. It consisted of 28 holes and just over 1000 meters of core drilling. They released the first results from 12 holes on the 7th of December. They were excellent.
Graphite, cobalt and lithium are going to be in big demand and short supply for years in the future. DNI is bringing in a small test plant so they can deliver actual representative samples to prospective customers. The graphite is some of the highest grade and quality that I am familiar. The properties were in production, are near a port and the graphite is at surface. DNI will continue drilling and one day soon the market will understand the potential. With a market cap of under $4 million, DNI has a bright future in graphite.
Moriartys April write up
https://www.streetwisereports.com/pub/na/dni-delivers-profitable-graphite
Checkmate text. Best comparable is an Australian company called Bass Metals trading at a market cap of $36m or 4 times that of DNI. They have a graphite project about 10km down the road from DNI. Ive driven by it several times. There graphite is lower quality due to a lower altitude that is much wetter and with clay mix. DNI had an option to buy this before they choose their current property. Bass has a 6000TPA pilot plant thats nearly built now, whereas DNI's 6000tpa will take until June.
Currently DNI has 90 tonnes of their graphite samples out to battery up graders/end users. They are looking for a quality graphite source and to secure an offtake agreement. The market is desperate for the quality large flake graphite that I am confident DNI can supply. Its my opinion that DNI will have more than one offtake agreement very soon and possibly one of these companies will help fund a 20,000TPA plant that would take an additional year. Remember DNI graphite is Saprolitic and therefor needs no crushing and grinding process saving lots of OPEX and CAPEX.
As Moriarty said above "one day soon the market will understand the potential"
DNI Metals. Bob Moriarty on DNI and his favorite tax loss buys
Pretty much what Ive been saying and the JV split is a positive catalyst. I think Bob used the share count without the last placement or typo. Market cap is near $8M Cad
Tax Loss Silly Season Ending
https://www.theaureport.com/article/2017/12/18/tax-loss-silly-season-ending.html
DNI Metals (DNI-C) started the year at $0.03 and has done quite well, hitting a high of $0.155 in August before settling down to $0.085 today. I wrote about them in April and pretty much told the whole story.(link below) But the story has gotten better. DNI had done a 50-50 JV with an Australian junior who had committed to a major drill program and 43-101 and then failed miserably. I visited the project in October but couldn't write anything until DNI had finished booting the Aussie junior.
DNI is a graphite company with a primary project in Madagascar even though they sell graphite on behalf of a Brazil company. Realizing they had a problem with their partner, DNI began a core drill program late this summer. It consisted of 28 holes and just over 1000 meters of core drilling. They released the first results from 12 holes on the 7th of December. They were excellent.
Graphite, cobalt and lithium are going to be in big demand and short supply for years in the future. DNI is bringing in a small test plant so they can deliver actual representative samples to prospective customers. The graphite is some of the highest grade and quality that I am familiar. The properties were in production, are near a port and the graphite is at surface. DNI will continue drilling and one day soon the market will understand the potential. With a market cap of under $4 million, DNI has a bright future in graphite.
Moriartys April write up
https://www.streetwisereports.com/pub/na/dni-delivers-profitable-graphite
Checkmate text. Best comparable is an Australian company called Bass Metals trading at a market cap of $36m or 4 times that of DNI. They have a graphite project about 10km down the road from DNI. Ive driven by it several times. There graphite is lower quality due to a lower altitude that is much wetter and with clay mix. DNI had an option to buy this before they choose their current property. Bass has a 6000TPA pilot plant thats nearly built now, whereas DNI's 6000tpa will take until June.
Currently DNI has 90 tonnes of their graphite samples out to battery up graders/end users. They are looking for a quality graphite source and to secure an offtake agreement. The market is desperate for the quality large flake graphite that I am confident DNI can supply. Its my opinion that DNI will have more than one offtake agreement very soon and possibly one of these companies will help fund a 20,000TPA plant that would take an additional year. Remember DNI graphite is Saprolitic and therefor needs no crushing and grinding process saving lots of OPEX and CAPEX.
As Moriarty said above "one day soon the market will understand the potential"
DNI METALS New Interview by Proven and Probable - IMPORTANT PROJECT UPDATES
Lets use our Heads!
Looks to me like a desperate attempt to save their azz and to save face with their investors. Im about 100% sure its made up BS. So far out, one would think "You cant make this stuff up" They however have managed to dupe a lot of investors.
Lets use our heads!
The agreement
DNI METALS INC. (DNI : CSE) (DG7N : Frankfurt) (DMNKF:OTC)
FOR RELEASE – March 27, 2017
3 CGM . NI 43-101 Resource Report must be completed by June 30, 2017
4. NI 43-101 PEA (Preliminary Economic Assessment) must be completed by
October 31, 2017.
5. A$200,000 to be paid to DNI by March 31, 2017
6. U$150,000 to be paid to DNI by June 7, 2017, unless Cougar has withdrawn
from the agreement by April 12, 2017.
7. One of Cougar’s eight drills has arrived in Madagascar, and should be on the property within a week.
8. Cougar must drill a minimum of 3,000m
From Educational site
Reverse circulation High drilling penetration rates:
Production rates are superior to diamond drilling; rates of 200-300 m/day are routine at speeds faster than 10 m/h. Therefore, results from RC drilling can be revealed to clients much faster because the drilling process takes less time.
RC Drilling rate 200-300 Meters/day so 3000 meters is 10-15 days drilling. Cougar drilled only 2000 Meters in 8 Months.
DNI on their own drilled 1000 meters in 60 days with a slower core drill and had to pay for the drill themselves.
July 7th 2017 DNI Issues CGR a notice of default. Guessing things went down hill from here.
Through out the whole 8 mths Cougar had only ONE DRILL and ONE EMPLOYEE on site. As far as I know Randal Swick was there once in the spring and again to rescue his driller. I know Dan Weir was their every month for a minimum of 8 days with hands on. Randal Maybe you could help us out here?
Does this sound like Cougar put forth a best effort? Dont think even CGM share holders would be happy with this. CGM shareholders should be thinking about a class action lawsuit.
Sept 12 and Sept 27 Bogus Mining watch smear piece put out. Fact DNI has the correct permits! The rest was bogus as well.
About the same time, clods show up on the DNI bulletin boards spreading fear.
Early October Cougar still hopelessly behind. The bulldozer gets sabotaged and Cougars driller gets thrown in jail.
Maybe last ditch efforts to get another extension? Just saying
Looks like Cougar wasted DNI share holder time and money plus put DNI through much stress. We should have been building a plant by now and the off take MOU may be in jeopardy since Peninsula was in a hurry.
Cougars 7 day period to rectify the situation is up. Expect some news tomorrow.
Dan Weir will get it done! I know a mediation will be an overhang of fear but I dont see Cougar getting much of anything.
Keeping 100% of both projects will be a boom to DNI investors.
Checkmate28 JMHO
Huesos DNI A Little short term drama is all. Thats all a desperate attempt to save their azz and to save face with their investors. Im about 100% sure its made up BS. So far out, one would think "You cant make this stuff up" They however have managed to dupe a lot of investors.
Lets use our heads!
The agreement
DNI METALS INC. (DNI : CSE) (DG7N : Frankfurt) (DMNKF:OTC)
FOR RELEASE – March 27, 2017
3 CGM . NI 43-101 Resource Report must be completed by June 30, 2017
4. NI 43-101 PEA (Preliminary Economic Assessment) must be completed by
October 31, 2017.
5. A$200,000 to be paid to DNI by March 31, 2017
6. U$150,000 to be paid to DNI by June 7, 2017, unless Cougar has withdrawn
from the agreement by April 12, 2017.
7. One of Cougar’s eight drills has arrived in Madagascar, and should be on the property within a week.
8. Cougar must drill a minimum of 3,000m
From Educational site
Reverse circulation High drilling penetration rates:
Production rates are superior to diamond drilling; rates of 200-300 m/day are routine at speeds faster than 10 m/h. Therefore, results from RC drilling can be revealed to clients much faster because the drilling process takes less time.
Drilling rate 200-300 METERS/DAY so 3000 meters is 10-15 days drilling. Cougar drilled only 2000 Meters in 8 Months.
DNI on their own drilled 1000 meters in 60 days with a slower core drill and had to pay for the drill themselves.
July 7th 2017 DNI Issues CGR a notice of default. Guessing things went down hill from here.
Through out the whole 8 mths Cougar had only ONE DRILL and ONE EMPLOYEE on site. As far as I know Randal Swick was there once in the spring and again to rescue his driller. I know Dan Weir was their every month for a minimum of 8 days with hands on.
Does this sound like Cougar put forth a best effort? Dont think even CGM share holders would be happy with this. CGM shareholders should start a class action lawsuit.
Sept 12 and Sept 27 Bogus Mining watch smear piece put out. Fact DNI has the correct permits! The rest was bogus as well.
About the same time, clods show up on the DNI bulletin boards spreading fear.
Early October Cougar still hopelessly behind. The bulldozer gets sabotaged and Cougars driller gets thrown in jail.
Maybe last ditch efforts to get another extension? Just saying
Looks like Cougar wasted DNI share holder time and money plus put DNI through much stress. We should have been building a plant by now and the off take MOU may be in jeopardy since Peninsula was in a hurry.
Cougars 7 day period to rectify the situation is up. Expect some news tomorrow.
Dan Weir will get it done! I know a mediation will be an overhang of fear but I dont see Cougar getting much of anything. Keeping 100% of both projects will be a boom to investors.
Checkmate28 JMHO
Trader You misunderstood my quote. I posted
"Since this Jamie did not traval to Maddy to see first hand Im guessing someone put them up to it or even made a donation for him to print the article"
What I was saying is if someone wanted to cause some trouble, they could call MW and give them bogus information. As to the donation, it could be as in the pay to play Clinton style donation. We really dont know what happened. What I do know from talking with this guy was that he was getting 2nd hand info so someone was feeding him.
The rumor your probably hearing about permits? Dont you think if DNI press released that they had the correct permit 2 times and Officials are letting them work, that things must be OK? The property was purchased with the PE permit. Both property's for that matter. Now they are waiting on final approval for their EIS on the environmental for the production set up, but thats just a requirement within the PE.
As to the arrest, anyone can claim anything they want. Do you think its possible CGR was playing dirty since DNI was threatening default? Possibly someone did call the police for good reason and they did an investigation and incarcerated him for good reason
As to Marafody property 2 DNI already press released long ago that the core drill was going to Marafody after drilling some holes on property 1. Since the propertys are adjacent, its only a hookup and pull with a pickup down a paved highway and then a gravel access road I was on.
I dont think there were any problems early before the deadline. It would be natural to have tensions after several months of being late and its probably here where sides dug in. Also possible CGM didnt like the smell of DNI buying Marafody solo and then took a step back.
I dont know CGR story but RTTEN says they have a history of court battles?
Why wasnt CGM Swick always out of his home country working but rarly on DNI site ? Why couldnt they get 3000 m drilled in soft dirt in 6 mths with an easy air core when DNI got 1000m heavy core drilling done in 60 days. They claimed no access to bull dozer. That BS. DNI cleared an impressive several KM of roads in no time with the on site dozer.
http://www.stockhouse.com/companies/bullboard/c.dni/dni-metals-inc?postid=27103961
Whole list more questions above that dont make sense. Also lets see how DNI handles this relative the mud CGM is slinging.
I suspect some short term drama, but DNI will carry on in a better position then they were 30 days ago and SH will benefit. Lot of tonnes of DNI graphite being peddled now. This is going to produce some interest when its tested positively as 1st class quality. Not many choices to get the quality large flake right now, those upgraders only make money and get contracts if they have a source for raw graphite. In spite of how things look, DNI is moving very fast with progressing the projects. The pilot plant will cost less than $1m and produce 6000tpa. Thats a huge step and its not far away. Director and tech adviser John Carter can design that with his eyes closed.
I dont see Dan as someone who likes controversy but rather somebody who would much rather be sitting with the CGM PEA in hand looking for to finance a mine with CGM. Bottom Line. There was a contract. CGM failed.
Checkmate28 as always JMHO
DNI Sorry didnt notice anyone posting here on DNI. Been over at Stockhouse offering up opinions and questions there. Im tired of it all and IMO let the chips fly. Ive spent some weeks with CEO Dan over the last couple years, much of that in Madagascar plus many hours on the phone. I've seen him do business, how he treats people and how they respect him. I just dont see the allegations making any sense unless your trying to cover your azz.
The Miningwatch allegations were a total fraud and I wouldn't doubt were instigated by CGM or their other competition in Maddy.
MW alleged DNI didnt have the mining permit when it is indeed fact, they have the highest level PE permit available. MW also made a big deal about all the farmers who were mistreated.
So I contacted Jamie the chief researcher and writer of the article. Hes the lead guy. I was the shareholder concerned for my investment. Jamie admitted that he thinks DNI haS the correct permits but was waiting for verification. He claimed there were 3 familys that were upset with their agreements claiming they should own part of the company. REALLY? Wouldnt this be normal for a few people to be unhappy with a mine being built near there home and to complain? DNI heard the complaints and acted to fairly by planted way more trees than they damaged, creating a state of the art soccer field and drilling them water wells they did not have. I was in on meetings where DNI expressed there desire to help with a school and medical facility. Since thiS Jamie did not traval to Maddy to see first hand Im guessing someone put them up to it or even made a donation for him to print the article.
I think what happened is that Cougar got behind and things headed south. DNI put some pressure on then offered cash. Maybe it was this point where Cougar started with the excuses and the games? At any rate CGM should have just gotten it done.
Bottom line here is DNI owns both properties 100%. They dont need CGM.
CGM and DNI will have to sort out the Vohitsara property buT DNI can move forward on the 2nd property. I walked the Marafody property. There is historical production from the 30's (probably crudely high graded) and large (like hundreds of tonnes) areas where you can just grab a scoop of dirt anywhere and its full of graphite. They could potentially have their workers dig a trench and follow with the large scoops and and feed it to trucks or their coming pilot plant. They only need to float off the waste and then could test this in their lab for bulk samples to end users or verify and ship as off take for cash.
I know Korea, China and India are desperate for graphite. DNI has a Offtake MOU with S Korea and Im guessing more are coming from India. Lets see if they are phased by this rucus?
More info and questions if your interested even a post their from Randal Swick.
http://www.stockhouse.com/companies/bullboard/c.dni/dni-metals-inc?postid=27103961
http://www.stockhouse.com/companies/bullboard/c.dni/dni-metals-inc?postid=27104379
http://www.stockhouse.com/companies/bullboard/c.dni/dni-metals-inc?postid=27098245
Trader you have mail at SH
Checkmate28
Maurice hope all is well. Thanks for the heads up. Bring us the link if you don't mind the soonest possible opportunity.
One would think if Cougar was having a problem with the DNI ground team, they would have made that information official to their share holders and reported that as a reason for being late in a response to the extension PR at least as a courtesy to their SH.
Why would Cougar not send their own mgt when so much was at stake?
Why would they stick with only the one RC drill that was tearing up the large flakes?
Its my understanding that a number of the Cougar drilled RC holes were twined with the DNI Core drill. That'd be interesting to see the difference.
Apparantly DNI had a technical recommendation to go with the core drill. Why didn't Cougar step up and pay for the Core drill.
Is it possible Cougar was prioritizing resources to a more important Lithium project their working on and were just to thin?
GWA Plus the info on the shipping to the Liberty Mill quenches a couple worries as well. We know for sure there is a mill deal and ore is headed that way.
This is all part of Gowest’s effort at advancing underground development at Bradshaw for the extraction of a 30,000 tonne bulk sample. The company said it is preparing for its first shipment of ore to the Liberty Mill, likely to happen later this month
Avi Gilbert Compares Now to the fall of 2015
"Moreover, there are still quite a few stocks within the list of miners we follow as part of the work we do for our EWT Miners Portfolio that can still see size able downside moves. But, there are also quite a few miners that suggest they are getting quite close to long term bottoms in this corrective pullback which began in August of 2016. In fact, the set up I am now seeing is akin to what I was seeing in the fall of 2015. And, we all know what happened once we turned the calendar into 2016"
https://seekingalpha.com/article/4129213-sentiment-speaks-ready-gold-silver-rally?ifp=0
Avi called the bottom in 2015 while I was scooping every share of BDM, beaten down minor I could get. He and Bob Moriarty both called this bottoming period while also calling the top at $1900Au
My BDM stocks had no positive sentiment but lots of value and unrecognized catalysts. My BTM's rocked in 2016 H1 and beat every bragging newsletter writer I could find who posted their gains.
Looking forward to an inevitable move forward. Companies are making progress (production, costs, rev's CF) with relatively solid commodity prices while share prices drop. Something has to give. Im expecting several 5 baggers once sentiment changes.
Trader I hear ya, the resource sectors in a slump. Good names are down while gold is trading fairly well near $1300 Doesnt make sense. When things aren't happening, these small stocks are like watching grass grow.
Its almost like 2015 all over again. I happily accumulated left for dead small value stocks while no one else wanted them. I bought alot of shares cheap. First half 2016, my account rocketed with several 3 to 10 baggers. All the writers bragged about their results but when I compared, I beat them all.
DNI, GWA, ORV, OMI, GORO, PRU, EXN
Mark this list, these stocks are all misunderstood and carry great value and catalysts relative to their market caps. Its drop dead painful to own any of these, if your worried only about the share price today. Now I get excited to see these companies moving forward creating more value, even if share price stays even or goes down. Six out of 7 of those are easy 5 Baggers IMO with just a little cooperation from the market.
For me, its not a matter of if, but one of when?
DNI will get through this little mess and when they do, shareholders should be left with more value than they had before. As value said, with all the work done to this property, the drilling, the results so far, the offtake MOU there is a lot of value not translated to share price.
Thats because DNI is currently misunderstood and there has been little news while the CEO went on the world tour looking to make some deals.
Trust me Cougar might make some noise but DNI will continue to execute their plan and should be producing at smaller volumes in 2018
Trader what bad news? If your talking about the article still, thats a non issue. Im laughing that one off since I know the writer is clueless through personal conversation with him. I dont think thats having an influence on nearly anyone. Also dont think the company is worried either.
As to the Cougar news, thats music to my ears. If all works well, DNI just got a lot of work put into the property with a + 7 figure dollar amount.
Might get ugly for a bit, but looks like Cougar really doesnt have a leg to stand on.
The project is moving along nice, and Im guessing production and offtake are right around the corner.
Im actually really excited about where there at, and where its going right now. When graphite catches a wind, DNI will be the fastest boat out there IMO. This is the calm before the storm. DW is a nonstop minute, hes sitting around waiting for things to happen. Whats going to make his job easy LOL, is the quality and economics of the project and being at the start of a hot sector.
CHECKMATE28 JMHO
GWA.v Gowest Gold Getting more traction off yesterdays PR. If sentiment was better in PM's, this would be running. Bradford is already a high grade mine already, 66.7grams over 2.5 meters is an all star hole. The best part is thats an infill hole in the middle of the bulk sample their mining now. When that runs through the ore sorter its going to turn out one hell of a head grade and improve the economics. .17 going to look cheap once the money starts flowing in.
Gowest Gold Intersects 66.7 g/t (2.14 oz/t) Gold Over 2.5 Metres From Advanced Exploration Drilling at Bradshaw
https://web.tmxmoney.com/article.php?newsid=8272192985054260&qm_symbol=GWA
Thats an all star hole!
Best Intercept ever for Gowest. Plus 29 out of 29 infill holes drilled, were productive in further proving the bulk sample positive economics.
Gowest President and CEO, Greg Romain. "We have seen evidence for years indicating that Bradshaw has not yet revealed its full potential. In intersecting the highest ever gold values, we feel we have clearly demonstrated the significant upside of our project and are still further encouraged about the coming results of our bulk sample program."
In order to confirm these exceptional results, the Company completed check assays on the remaining pulp and coarse rejects from the material retrieved from Hole BGM17-045-015. A second assay of the pulp returned 119 g/t gold, while five new samples from the remaining material from sample preparation resulted in values ranging between 99.3 g/t and 183 g/t, with an average value of 136.9 g/t gold.
IMO This should get some more traction. Only a matter of time before we see whats really under that dirt.
Gowest Gold Intersects 66.7 g/t (2.14 oz/t) Gold Over 2.5 Metres From Advanced Exploration Drilling at Bradshaw
https://web.tmxmoney.com/article.php?newsid=8272192985054260&qm_symbol=GWA
Thats an all star hole!
Best Intercept ever for Gowest. Plus 29 out of 29 infill holes drilled, were productive in further proving the bulk sample positive economics.
Gowest President and CEO, Greg Romain. "We have seen evidence for years indicating that Bradshaw has not yet revealed its full potential. In intersecting the highest ever gold values, we feel we have clearly demonstrated the significant upside of our project and are still further encouraged about the coming results of our bulk sample program."
In order to confirm these exceptional results, the Company completed check assays on the remaining pulp and coarse rejects from the material retrieved from Hole BGM17-045-015. A second assay of the pulp returned 119 g/t gold, while five new samples from the remaining material from sample preparation resulted in values ranging between 99.3 g/t and 183 g/t, with an average value of 136.9 g/t gold.
IMO This should get some more traction. Only a matter of time before we see whats really under that dirt.
BBOTCS U Bet on the tax loss candidates. Ill post my ideas. I think the overall sentiment for the minors is down, therefore developers explorers and rehabbers are being rated more conservatively vs high current Cash Flow producers which are safer in this environment.
Makes for a great set up if things get more bullish in the metals. I still like my pics on PSL3 for value, but there all still waiting for the catalyst completion I was hoping for.
CPTMatt Save your cash. Lot of Quality companys with high value out there. These are going down in market cap while increasing their value, on a gold price thats staying high enough to provide good cash flows.
How about waiting for the best stocks, beaten down the mos,t and catch them on tax loss sale in Dec.
GWA.V Gowest aims to unlock refractory gold potential of legendary Timmins Camp
Great article highlighting what looks to be a blooming Big name Timmins mining company.
http://www.miningweekly.com/article/gowest-aims-to-unlock-refractory-gold-potential-of-legendary-timmins-camp-2017-11-14/searchString:%26quot%3Bgowest%26quot%3B
Koz GWA I am not a fan of the timing of their most recent PP being directly in front of Potential news. I am meaning to contact the company to get this cleared up. Possibly there is pressure from their investor Future Fortune to get the resource numbers higher with a 2nd resource to keep the big picture moving forward and to eventually fill the 2500 tpd mill capacity.
I know quite a bit about the Transition property they are drilling, even spoke with the old owner of the property in the past.
GWA would do well to prove up a 2nd or even 3rd resource to prove they have 2-5 Million ounces. This being the amount needed to be a target for Goldcorp.
Based on what I know of the fundamentals and my company sentiment barometer, they are very excited over there. As to production/development progress, I think they are going to over perform.
Internally, they are very happy with $1250 gold and the sub $900 AISC
What we are needing to see is a commercial big name step in or a decent promotion combined with the expected results from the bulk sample. Most people have no idea who Gowest is.
They are in the ore body, working overtime. I think we should start to see small shipments of ore sent off to get the cash flowing very soon.
I added 2 times at about .16 Canadian when it first dipped.
Hope it helps
Checkmate28
CPTMatt Re DNI.C DMNKF + GWA.V The short answer for now is, progress is happening fast and furious relative to normal mining time lines. There should be plenty of news to release now, based off the recent last 60 day announcements, plus a few knowledgeable information sources are starting to catch on to the story.
The short term issue, is that the CEO has been in Madagascar and touring India (Humm) for the last 2 weeks looking to make things happen. When he gets back, and can find time to write press releases, Im assuming these updates will came fast and furious.
IMO now is a really good time to buy. I added DNI and GWA last week, since I feel both have drifted further from fair value, while sitting just in front of positive catalysts that are being under appreciated.
Checkmate28 jmho
bbotcs Re EXN EXLLF Excellon. They caught me by surprise on the PP but here's my thoughts.
Firsts the givens:
With the progress of the optimization being basically done, production volume is increasing while costs are rapidly decreasing. That alone will be a great story. There has to be sufficient cash flow to carry on at Platosa without the placement.
Eric Sprott, While Im not a fan, his purchases are telling. After owning 20% of the company, hes spent $1 Million more on the shares, in the open market, in the last 30 days at prices at or above the current price, and near the private placement at $2. Eric wants to make some money.
After the PP, Excellon will still have only 83 Million OS. They have been prudent and without any reverse splits.
The answer has to be GROWTH through discovery or/& M & A: They are currently expanding by drilling high grade results at Platosa, but the biggy sits about 1KM outside the current zone. This possible CRD Carbon Replacement Deposit could easily dwarf the current operations. They were drilling this before the crash in silver and thought they were on to something, ran out of money and shelved it. Excellon has the highest grades of any silver producer and should have great cash flow from Platosa starting now. To find a major discovery with a lot more silver would make Excellon one of the best storys out there again IMO.
My guess is they are going to get as many drills going as they can and probably purchase more surrounding property or even another mine somewhere near.
Checkmate28 JMHO
Excellon EXN EXLLF I rode this out of year end 2015 for a 10 bagger based on how I knew the Optimization program would turn around the sentiment and eventually the financial health of the company. In 2015, based on sentiment and current numbers alone, the market had them left for dead.
Sold most of my position in 2016 since I thought the comeback was overdone and a little early.
Truth is, Excellon is optimized NOW and this q3 report is way short of where they will be during the forth quarter.
Q3 financial numbers should be out shortly and I think the market will read them as very good. This bump will only be tip of the iceburg since there was much development ore mixed in and most of the quarter represented the dring up of the high grade areas allowing for the set op of a spectacular Q4
Its the italicized words below that tell the story!
https://web.tmxmoney.com/article.php?newsid=6283443849666446&qm_symbol=EXN
In late September, the Company accessed the Pierna Manto and the upper part of the 623 Manto.
The 623Mantos (2255 g/t AgEQ at 11 meters and growing)
https://web.tmxmoney.com/article.php?newsid=6283443849666446&qm_symbol=EXN
Development rates also increased significantly during the quarter with 269 metres of ore development (an 84% increase over Q2 2017 - 146 metres) and 292 metres of waste development (a 39% increase over Q2 2017 - 210 metres).
The Company is currently producing from multiple headings on the Rodilla Manto, Pierna Manto and the connection between the Guadalupe South and 623 mantos.
The connection is a new found 2000g/t ore that is right smack where they are mining now and thru Q4
These holes have successfully defined and infilled a 100 by 25 metre zone connecting and expanding the 623 Manto (M+I resources of 83,000 tonnes grading 1,866 g/t AgEq) and the Guadalupe South Manto, which is currently in production. These consistent high-grade, massive sulphide intersections average approximately four metres thick across the zone and range from five to six metres in the north, to approximately one metre on the southern edge. Significantly, this newly defined mineralization is near existing mine workings and may be accessed before the end of 2017.
Consider the large insider additions by Eric Sprott who has bought $1Million of EXN stock on the open market in the last 3 weeks
Checkmate28
Excellon Q3 production results
TORONTO, ON --(Marketwired - October 16, 2017) - Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) is pleased to announce third quarter 2017 production results from the Platosa Mine in Durango, Mexico.
Q3 2017 Production Highlights
Material increase in production following the completion of the Optimization Plan, including:
Silver equivalent ("AgEq") production of 500,763 ounces, up 73% from Q2 2017 and 96% from Q3 2016
Silver production of 226,173 ounces, up 41% from Q2 2017 and 47% from Q3 2016
Lead production of 1.6 million pounds, up 86% from Q2 2017 and 78% from Q3 2016
Zinc production of 2.2 million pounds, up 95% from Q2 2017 and 86% from Q3 2016
Production rates averaging 200 tonnes per day (tpd) vs. 125 tpd in Q2 2017
Production headings accessed four mantos by the end of the quarter, including the high-grade 623 Manto, with further increases in production planned through the remainder of the year
Huesos RE DNI Metals IMO, someone on the outside, probably from another competitor contacted MiningWatch and gave them the false information.
For the record, I personally contacted MiningWatch and spoke with the chief researcher. He was up front, that he was off on a number of counts and still trying to verify some things.
I also dont believe the company is worried about it at all, except for how it may make their investors feel. They know they are making the great efforts to be fair with the community
In the end, I believe its going to be a non issue.
At fast speed, DNI is going to:
1) Put up a world class large flake graphite resource with 20-40 or more years of mine life. It can happen fast with Saprolite and being in Madagascar. This is a bonus catalyst most wont pick up on.
http://www.newsfilecorp.com/release/28754/DNIs-Vohitsara-Saprolitic-Graphite-Project-Drilling-Update#.Wd0SiGiPK70
2) Put out a PEA stating how cheap and fast they can produce graphite. Cheap means extra cheap. See point 1 for same reasons.
3) Close on the current Korean Graphene off take agreement plus add more. My reasoning is that Korean Graphite needs this offtake and finding a reliable supply of the rare large flake now is very limited.
http://www.newsfilecorp.com/release/28461/DNI-Metals-Inc.-Signs-Cooperative-MOU-to-Supply-Large-Flake-Graphite-to-Korean-End-Users#.Wd0R62iPK70
https://finfeed.com/juniors/psm-juniors/peninsula-mines-signs-mou-emerging-producer-expandable-graphite-graphene-korea/20170614/
4) They will build the 6KTPY pilot plant, emphasis on fast, already fully financed with the last PP raise and under the direction of current MGT and directors
See John Carter, Kieth Minty Dan Weir wo've already built 3 graphite plants.
http://dnimetals.com/management/
http://www.newsfilecorp.com/release/28503/DNI-Metals-Inc.-to-Build-a-Modular-Graphite-Pilot-Plant-for-its-Madagascar-Properties#.Wd0SY2iPK70
5) They will get the $15-20Million total CAPEX they need for the 20KTPY processing plant, possibly from an offtake prepayment, a JV with Pinninsula Mines, some equity financing or a combo of the above.
With the coming Electric Vehicle demand Battery metals (Cobalt, Lithium and graphite) are going to be in demand. Cobalt and Lithium stocks have already run up and are in many cases, overvalued relative to current and future value. There is no substitute for cobalt and lithium which is why those prices have run up out front.
Graphite has yet to run up. Its been valued relative to the end user steel industry that is in a down period.
Graphite developer/explorers are reflecting the steel industry, but are about to catch a bid, as the battery factorys find they can get a supply of superior large flake natural graphite to replace the synthetic they are currently using. Bonus being the natural is more energy dense, cleaner for the environment and less money that the synthetic.
As to publically traded companies, first graphite developers out, will get the best offtakes. Syrah and DNI are out front but Syrahs large operation relys on economy of scale to be profitable, since the set up was built jumbo size. They do not have the offtakes yet. Im guessing many are wondering if Syrah will make it. I think there is a good chance they go Bankrupt.
DNI on the other hand, will start with a 20TPY set up, grow with the markets, keeping costs down, allowing for maximum profit. Its a no brainier when considering the CAPEX and OPEX vs the jumbe set up . At 20K TPY, they make alot of millions.
The best part, Syrahs market cap is only about 82 times that of DNI's even when considering the new 98M OS. Lot of room for catch up. Trust me here, DNI is going to move up the graphite pretender list real fast. Market cap will follow as the smart fellers catch on. LOL!
Checkmate28
Do your own DD
Great article BryanC Found it myself and just came over to post it myself.
This should get us some traction tomorrow and introduce DNI to the Graphite world. I think for the most part their relatively unknown.
Ron Struthers Summary
Some may believe Madagascar carries some geopolitical risk but it is well known for its graphite and holds just over 50% of the worlds reserves. There has been over $9 billion invested in mining projects in Madagascar with the likes of Rio Tinto, Sherritt, Sumitomo and Kores. DNI's project lies in a well-defined graphitic belt, which has been producing for over 50 years.
DNI has two very good graphite properties that are on surface and hosted in soft saprolite material. This will make it very easy and cheap to mine. The company is carried on the Volhitsara project and has a 100% interest in its adjacent Marafody project.
Management has a lot of experience in graphite, currently running a graphite wholesale business and has previously built three graphite processing plants. The company has end user relationships with the wholesale business and an offtake agreement with Peninsula Mines to supply Korea.
On August, 17, 2017, DNI announced that it would be building a modular graphite pilot plant in Madagascar in order to test multiple zones in both of DNI’s projects and to produce up 6,000 tonnes of graphite per year.
There projects are very near infrastructure and appear to be a very good grade with a high percentage of large and jumbo flake. Mining permits are already in place.
For a graphite junior it simply cannot get much better than this. All it has to do is raise enough financing and execute.
Including the current financing there are approximately 98 million shares out and round up to an even 100 million and at 10 cents is only a $10 million market cap. This makes the valuation much cheaper than all the other graphite juniors I follow and I would surmise that within a few months when drilling and 43-101 resource numbers are completed, it may just have the best deposits.
The stock ran up in August on news and developments and the recent pull back in price provides a good entry point.
DNI.CN As Wyatt Earp said "IT ALL STARTS NOW" Streetwise write up.
DNI Metals US symbol is DMNKF
And remember Checkmate tried to get you in at .03 .05 .065 and most recently .085 Link Back. Nothing in this write up I haven't posted here over the last year.
Best to go to the link as charts, pics and formatting were lost on the paste
https://www.streetwisereports.com/pub/na/17749?utm_source=delivra&utm_medium=email&utm_campaign=Resources%2010-5-17&utm_id=33986311&dlv-ga-memberid=883991115
Graphite Seeing Some Upward Movement
Contributed Opinion
Source: Ron Struthers for Streetwise Reports (10/5/17)
Ron Struthers With graphite prices starting to move upward, Ron Struthers of Struther's Resource Stock Report provides a primer on graphite and discusses his evaluation method for graphite companies.
Lithium, graphite, vanadium, cobalt and other metals have been or are all starting to move higher. The graphite market has shown its first sign of life in a few years with some upward price pressure.
Lithium and Cobalt:
Lithium Price
Lithium Price
Cobalt Price
The lithium price started taking off in 2014 and cobalt in 2017; graphite headed down in 2014 and has been trading flat since, but we are just now seeing some upward movement as noted by Northern Graphite, about a 30% rise in large flake graphite. Industrial Mineral Magazine noted that the supply of large and XL flake graphite is tight and some speculative investment is taking place.
However, much has changed and can be learned from the last up cycle in graphite.
First, a look at a long-term price chart to give some current perspective. I got this from Syrah Resources Ltd.'s (SYR:ASX) website and like how it highlights the key drivers during the cycles. We know for certain now that the lithium battery cycle has already had a big effect on lithium and cobalt prices and the same will happen with graphite, only the extent or magnitude is not known and Syrah shows this with a predicted range and question mark.
Graphite Price
Graphite 101
Since the last up cycle starting around 2010, despite all the time and money spent, there are no mine start ups in North America. I see two main reasons for this. First, they can't compete with the lower cost operations of current graphite mines, so much higher prices are needed for any chance of a North American startup.
Second, and probably the investor's most fatal error, is they think graphite juniors are like other mining juniors—drilling, 43-101 resource, PEA, mine permitting and financing, etc. This does not work for a few reasons.
First off, there is no market for graphite as there is for other metals and commodities. A graphite miner must make relations with end users or customers, such as offtake agreements. This is a major stumbling block because most North American juniors have not modeled their companies properly for this. They face a big hurdle because their PEA says they must produce say 40,000 tonnes per year or more of graphite for the economics to work, but few if any end users will agree to this much tonnage.
End users will require bulk samples to test and make sure it meets their needs. There are many uses and applications for graphite so depending what the user is producing their requirements will differ. They will also want large samples, in tons to verify their processes. Imagine how a junior is going to secure an offtake agreement when it cannot even predict when it will be producing, receive permits, get needed financing etc. Few if any end user are going to agree to buy your graphite at uncertain dates years down the road.
This is a very difficult scenario to overcome, matching your PEA production requirements with end users. Many juniors instead have focused on testing their graphite for battery use or this use or that to prove it will work. This is fine and dandy but may not necessarily help land offtake agreements.
The best solution is to start off mining smaller amounts, perhaps a few thousand tons per year to, say, maybe 10,000 tons and have an offtake agreement for that. Then ramp up production to higher amounts as you secure more end users. This also provides a method for end users to try bulk samples of your graphite and a miner may have to tailor production as users may want large flake or maybe fine graphite or any combination.
Syrah Resources has managed to do this with a lot of work on three or more end user agreements that will start at a low tonnage of 10,000 to 20,000 tons per year for each offtake and increase in future years.
To have an efficient mine that can make money at low tonnage and ramp up production as new users come on board requires some unique properties. I have made up a point system about these qualities to perhaps help you in evaluating junior graphite companies.
Most important and #1 is the deposit must be on or near surface and I mean within 5 to 10 meters of surface at most and on surface ideal. If it is not, avoid the stock like the plague. There are two main reasons: on surface means low mining costs and it is much easier to increase production by expanding outwards rather than having to worry about a pit design going down. I give 3 points for being on surface
#2, if the graphite is in saprolite or a soft material, it makes for easier and cheaper mining and processing so I give another 2 points for this.
#3, is customer relationships and offtake agreements, without these a junior is just treading water. I give this 3 points, but only 1 point if the offtake only covers part of the PEA's annual production.
These are the three most important factors; there are a few others that can make a difference, but are a little less important on the point scale:
#4, Flake size distribution: many types of graphite can be sold profitably, but larger flake does command higher prices so it can help economics of a mine. If a miner is processing its graphite further to perhaps battery grade this might be a moot point, nevertheless, I think one point for 30% to 50% large and jumbo flake and 2 points if the deposit is over 50% large flake.
#5, Grade: more important is the ease of mining the material but all else equal, higher grade means less mining to produce a ton of graphite so it can help lower costs. I am going with one point if the grade is over 12%.
#6 is near port or end users: graphite is sold in I ton sacks in 20 ton containers, so a 10,000 ton per year user would be getting about one container per week. Being near a port or end user can reduce shipping costs. I am giving one point here. Currently all North America companies get one point because all graphite is shipped here from overseas, which makes them closer to end users.
#7 is financing: is always required so I am going with ½ point to one point if they have $0.5 to $5 million and two points over $5 million.
#8 location: I am going to subtract one or two points if the project has poor infrastructure in a non miner friendly location or some other disadvantage where it is located.
I eventually plan to do a table with many of the junior graphite miners on it but for now I will use three on our list, Syrah, Northern Graphite Corporation (NGC:TSX.V; NGPHF:OTCQX) and Alabama Graphite Corp. (CSPG:TSX.V; CSPGF:OTCQB).
Elcora Resources Corp. (ERA:TSX.V) does not really fit here because it is more of a processing company than a miner so is looked at differently.
Syrah Resources is the most advanced and nearing production. Its Balama Project in Mozambique is high grade at 16.2% and on surface but a long distance to the Port of Nacala, some 490km south east of the project. It is mostly fine graphite with only 20% large flake or better, but the mining costs are very low with bulk tonnage of 140,000 to 160,000 tons in the first year and practically no stripping. The company has offtake agreements and is fully financed to go to production.
Alabama Graphite has the Cossa project in Alabama, which is a great location, and the resource is on surface in soft weathered rock. The company has just over 30% large flake and it is low grade just under 3%. Alabama has demonstrated in a PEA that it can produce battery-grade graphite. The company has no offtake agreement.
Northern Graphite's Bisset Creek is the only North American project with a bankable feasibility study. The project is near good infrastructure and has a lot of large and jumbo flake with a relative low grade at 1.65%. It has demonstrated it can produce battery-grade graphite and have no offtake agreements.
Evaluating Graphite Companies
This point evaluation system is more about the graphite deposit as there are other factors that can affect an investment. Obviously, Syrah is totally different because it is near production. Some stocks will be priced too high, others too low. How advanced is the project, the size, management and do they have enough cash to go to next level? There are so many factors to consider.
However, having a very good project is the best place and way to start. That is why I highlighted:
DNI Metals Inc. (DNI:TSX.V; DG7:FSE) Recent Price $0.10
52 week trading range $0.02 to $0.15
Shares outstanding 63.3 million
The company has two projects adjacent to each other in Madagascar on a highway and just 50 km to the seaport. It already has a mining permit and the deposits are on surface in soft saprolite. Cougar Metals of Australia is advancing one project, the Vohitsara, and must complete a 43-101 resource and a PEA to earn 50%.
DNI Map
DNI is advancing the adjacent project, the Marofody, (same graphite) 100% and is indicated as 'NEW' on the map above. Both projects have seen a lot of trenching and some drilling and it looks like grades will be 5% to 10%, but with no 43-101, I could not give any points or certainty here.
Vohitsara Project
Cougar Metals negotiated an extension with DNI Metals on its agreement so now it must complete an NI 43-101 resource report by October 31, 2017, and complete an NI 43-101 compliant PEA by December 31 to earn 50% interest in the project.
As of August 31, 45 air core drill holes and five diamond core holes have been reported with an average depth of the saprolite being approximately 28 meters on the property. The best intersect was 51 meters of 6.37% Cg. These recent results complement the initial results from the Main zone released on July 24, 2017, which included:
VHT0025: 11.5 meters at 7.23% Cg (graphitic carbon) from surface;
VHT0016: 12 meters at 4.14% Cg from 8.5 meters, and 4.5 meters at 5.2% Cg from 25 meters;
VHT0019: 19.5 meters at 6.12% Cg from 10 meters, including 4.5 meters at 10.59% Cg from 19 meters.
On this drill map below if you find it hard to read, the black dots are highlighted holes that are complete and purple dots extending down are planned holes to complete the resource. Last update on drilling was the end of August and Cougar Metals just announced funds for drilling in mid September so looks like it will be hard pressed to complete the 43-101 resource by the end of October. However, the drill is on site and drilling will go very quickly because it is shallow and in soft saprolite.
Vohitsara Project Map
DNI has done bulk samples for metallurgy test work with simple processing that resulted in over 98% total carbon with 28% super jumbo flakes and 65% large flake in the high-grade sample and 53% large flake in a lower-grade sample.
Marafody Project
On July 26, 2017, the company entered into a non-binding agreement (“LOI”) to buy a property in Madagascar called the Marafody property. The purchase price for Marofody is U$1,650,000 cash, payable as follows:
USD $100,000, upon signing the LOI
USD $550,000 shall be paid in 60 days,
USD $1,000,000 shall be paid in 90 days.
Over 600 meters of trenching has been completed by the previous owners. There was also some drilling done but not up to NI 43-101 standards, so it should be viewed as historical data. Nevertheless, it shows similar results to the adjacent Vohitsara project.
Vohitsara Historical Data
Wholesale Graphite Business
DNI also has a wholesale graphite business shipping material from high-quality producers in Brazil to North America, which has shown a steady increase in volume over the past year. This is very beneficial because of the relationships DNI has with end users.
On August 1, DNI announced an offtake agreement with Peninsula Mines to supply initially up to 20,000 tonnes per year to Korean end users.
Financial
Currently the company needs to raise some money to acquire and finish drilling on the Marafody project and complete the pilot plant. The pilot plant will be designed to process up to 6,000 tonnes per year.
To this end the company announced a $2.4 million financing and increased it to $2.8 million on September 25 for up to 35 million units at eight cents per unit and a full purchase warrant at 16 cents per share good for a period on 18 months. This financing has gone very well and I believe it is oversold.
Management
Daniel J. Weir, Executive Chairman, has worked for over 20 years at some of the top financial firms in Canada. He worked as an Institutional Equity Trader, and as a broker he managed over $500 million. Before joining DNI in November 2014, he was the Head of Institutional Sales at a boutique firm focused on financing mining companies. Having raised millions of dollars, both public and privately, Mr. Weir has expertise at evaluating and financing mining deals. Dan has managed large high tech electrical and energy management projects, having put himself through university as an electrician. Dan graduated from University of Toronto.
Paul L. Hart, MBA, CPA, CA Director,is a seasoned finance and operations executive with experience in the C-Suite, most recently as Chief Financial Officer and Corporate Secretary for a lithium ion battery manufacturer. In addition to his experience in clean-technology, he has held senior financial roles with public companies (TSX, NASDAQ) in the software, internet and financial services industries.
John Carter, Director, is currently the CEO of Northern Sphere Mining. Has over 35 years of experience in the metals and mining industries. Mr. Carter specializes in the engineering design and manufacturing of mineral processing equipment for mining operations and operators such as Timcal Inc., currently the largest natural graphite mining company in North America. He has built over 200 mineral processing plants around the world, including three graphite processing plants.
Keith Minty, P.Eng. MBA, Director, has more than 30 years of professional experience in mineral resource exploration and development in precious and base metals, industrial minerals. Mr. Minty obtained extensive graphite technical and operating experience at both North Coast Industries (now Northern Graphite Corporation) Bissett Creek Graphite and Cal Graphite Corporation (now Ontario Graphite Inc.) Kearney graphite mine and has experience of in the development of several past and new Sri Lanka graphite projects. Mr. Minty has had the opportunity of conducting Madagascar precious metals project valuations and is knowledgeable of the political and social requirements associated with Madagascar project development and operations.
Summary
Some may believe Madagascar carries some geopolitical risk but it is well known for its graphite and holds just over 50% of the worlds reserves. There has been over $9 billion invested in mining projects in Madagascar with the likes of Rio Tinto, Sherritt, Sumitomo and Kores. DNI's project lies in a well-defined graphitic belt, which has been producing for over 50 years.
DNI has two very good graphite properties that are on surface and hosted in soft saprolite material. This will make it very easy and cheap to mine. The company is carried on the Volhitsara project and has a 100% interest in its adjacent Marafody project.
Management has a lot of experience in graphite, currently running a graphite wholesale business and has previously built three graphite processing plants. The company has end user relationships with the wholesale business and an offtake agreement with Peninsula Mines to supply Korea.
On August, 17, 2017, DNI announced that it would be building a modular graphite pilot plant in Madagascar in order to test multiple zones in both of DNI’s projects and to produce up 6,000 tonnes of graphite per year.
There projects are very near infrastructure and appear to be a very good grade with a high percentage of large and jumbo flake. Mining permits are already in place.
For a graphite junior it simply cannot get much better than this. All it has to do is raise enough financing and execute.
Including the current financing there are approximately 98 million shares out and round up to an even 100 million and at 10 cents is only a $10 million market cap. This makes the valuation much cheaper than all the other graphite juniors I follow and I would surmise that within a few months when drilling and 43-101 resource numbers are completed, it may just have the best deposits.
The stock ran up in August on news and developments and the recent pull back in price provides a good entry point.
The Facts DNI Metals Inc. responds to misinformed statements of MiningWatch Canada regarding Vohitsara Graphite Project in Madagascar
DNI (CSE: DNI) (OTC Pink: DMNKF) is urging MiningWatch Canada to retract misleading statements made
with respect to DNI’s operations in its Vohitsara graphite property in Madagascar.
We respect MiningWatch Canada’s work around the world and the need to fight global threats to public
health, environment, and community interests. In the case of the Vohitsara Graphite Project, however,
MiningWatch Canada has made significant errors in fact and judgment that will impact negatively on the
Company, the workers and the communities within which we operate in Madagascar.
The facts are as follows:
1. DNI works with communities, not against them. We are proud of our successful partnerships.
We do not, nor have we ever, practiced harassment or intimidation.
2. DNI’s wholly owned subsidiary in Madagascar, DNI Metals Madagascar S.A.R.L. is the registered
and beneficial holder of Mining Permit 38642 with respect to the Vohitsara property. DNI is at
present conducting the requisite Environmental Impact Study, which is well advanced and will
be completed shortly.
3. DNI holds all of the requisite statutory approvals and permits to support its operations in
Madagascar and the Company is operating fully in compliance with local and national laws
and regulations.
4. All exploration activities on the Vohitsara property have been conducted in active consultation
and cooperation with affected landowners and operators. These consultations also set out the
mechanics for compensation for any adverse effects on the landowners’ operations. This
process is ongoing, in conjunction with the Company’s active exploration operations at site.
5. There are no disputes between DNI and resident / affected landowners in respect of its
operations in Madagascar.
6. Prior to commencing exploration activities, DNI, in conjunction with local landowners, and
coordinated by an independent consultant, conducted an inventory of crops which could be
affected by their exploration activities on the land. This process also remains ongoing; with
multiple meetings held by the Company with local residents on-site each month. DNI has
previously formalised a system of protocols in consultation with local residents, whereby
landowners / operators in planned operational areas are identified with the assistance of a
designated committee of local elders, who then actively participate with the Company in
discussions with affected landowners / operators to negotiate appropriate compensation.
7. From the inception of its activities, DNI has maintained a commitment to a strong community
and social engagement. DNI consistently employs local indigenous personnel from its direct
operational areas for project support. The number of employees engaged under this policy
currently numbers in excess of 100. DNI also provides relevant on-site training, as well as
emergency medical and general community support. Recently, DNI personnel and local
contractors have been finalizing a major expansion and upgrade of the soccer field in the local
village of Ambatolampy and will shortly be completing the first of two water wells in the same
village.
Given the facts as specified above, DNI calls on MiningWatch Canada to correct the record and
promptly retract its accusations against DNI’s operations on the Vohitsara graphite property in
Madagascar.
I dont think DNI would put this out unless they were thoroughly sure. Miningwatch and Beaverhead can try as they may posting drivalous words.
SSKILLZ1 Are we able to buy back something we sold previously in the contest.
Edit! General Electric = General Motors
Worlds going EV and renewable energy Get your DNI Metals while you can.
General Electric Going all Electric. 20 Fully electric Vehicles models by 2023
https://www.wired.com/story/general-motors-electric-cars-plan-gm/
EV Future Sales and coming EV Metals demand. Everything you need to know. Best summary of Auto manufacture future EV plans Ive seen.
https://seekingalpha.com/article/4110953-ev-company-news-month-september-2017?app=1&uprof=44&isDirectRoadblock=false
Re dareguy Gowest Gold GWA.V Nice update they put out. Looks like they are getting some help on the writing side. That press release, the new presentation and the extra info on the website is not something were used to seeing.
If Im a betting man, I believe that the final First Nations agreements for the commercial production are the main bottleneck right now. I'm also betting, a lot of good news and progress will show up as soon as they ink those agreements if you know what I mean.
DNI Metals DNI DMNKF Buy at .085 for the last time and thank me later.
Huge demand for the oversold private placement plus 3.8 Million shares traded yesterday at .085 shows there is a lot of interest in graphite and confidence in DNI. Some of that volume was probably current investors, selling free traders to buy the PP. That overhangs going to dry up this week and the share price is going up.
DNI should have a steady stream of press releases coming and company progress should be brisk.
1) 2nd property secured and paid for.
2) Pilot plant material ordered and built under supervision of director
John Carter
3) More impressive drill results, followed by an official Resource
4) The PEA study this year showing how impressive the resource is.
5) Finalizing the off-take agreement with Peninsula Mines and Graphene
Korea HUGE!
6) DNI Graphite samples sent to many recipients. This should produce
some follow up news as well
7) Should be some outside press on its way as well
8) OTCQB listing on its way
Natural Graphite demand is not being talked about since its on the boring anode side of the battery.
There is 10 times more graphite than lithium in any lithium Ion battery.
Its a fact that battery factorys dont have the desired natural supply yet, and graphite prices are starting to head up.
There is good reason DNI is making fast progress, is permitted, and has a major MOU while most all Canadian North American graphite wannabe developers have none of the above. SAPROLITE and INFRASTRUCTURE.
SAPROLITE allows for sector leading low CAPEX and OPEX whereas DNI's property lies on a paved road 45KM to a major international port.
From the MOU, Peninsula is calling for initially 20k tonns off take per year. To put that in production, the largest current mine in the world produces 40K tpy and has been producing since 1935. DNI will probably fulfill the MOU in 2018 from its current graphite wholesale division out of Brazil. At any rate, cash will flow to DNI'S bank account.
Natural graphite replacing synthetic graphite will save bet $400 and $500 per electric vehicle plus is cheaper and provides more dense energy than synthetic.
DNIs goal is to execute its way to profitable production in 2018 netting $14 Million per year from the 1 MOU alone.
Shares should soon bounce to .15 - .20 IMO
Checkmate28 JMHO
DNI Metals DNI.CSE DMNKF Qualify if it closes at .10?
If it closes at .095 can we qualify it with a .10 price
http://thecse.com/en/listings/mining/dni-metals-inc