InvestorsHub Logo
Followers 26
Posts 2151
Boards Moderated 0
Alias Born 03/30/2004

Re: checkmate28 post# 34260

Thursday, 06/28/2018 1:25:38 PM

Thursday, June 28, 2018 1:25:38 PM

Post# of 35718
DNI Metals, DNI.CA or DMNKF Moving nice on news! All the non believers out there should have believed here. DNI is on its way to being one of only 5 publicly traded Graphite producer in the world.

latest press release from DNI Metals: [url]https://provenandprobable.com/dni-metals-provides-update-on-environmental-licenses-for-its-100-owned-vohitsara-and-marafody-graphite-projects-in-madagascar/
[/url][tag]insert-text-here[/tag]

The significance here is that DNI basically approved by contract for their final Env licence to produce, but waiting for the licence to be delivered.

With the full PE licence, DNI IS a direct comparison to Bass Metals that is trading near $80 Million in MC or about 10 times that of DNI'S MARKET CAP. Bass just built 6000TPY plant or the same size as DNI's proposed plant.

People going to have a hard time believing this one, but once they get the final Env licence, the cost for the processing center and remaining infrastructure and all will be about $2.5 Milllion. They are short on cash and will need to do a raise. Plans already drawn by engineering company, quoted by Chinese company- can be built and containerized it in about 60 days with another 30 days for shipping.

Design will be modular design that will be upgraded SOON to be able to process the bumped up demand from the Korean Offtake agreement that is finalized and binding.

Checkmate28



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.