Paul Gill, CEO of Lomiko Metals (LMR:TSX:V) (LMRMF:OTCQB) (DH8C:FRANK) is in the midst of proving up a very high grade Graphite deposit.
The La Loutre Flake Graphite property is a high-grade (10+ % Cg) deposit located 117 kilometres northwest of Montreal. It has an indicated + inferred resource of 10 M Tonnes of 6% at the Graphene-Battery Zone.
Lomiko recently completed drilling at the “REFRACTORY Zone” of La loutre. A second resource that includes recent high grade intercepts of 28.5 Metres of 16.53% Cg and 21.5 Metres of 11.53% Cg reported January 6, 2016 and 9% over 90.75 metres reported September 24th 2015 from the Refractory Zone.
The company reported multiple 100M+ intercepts and multiple 10% CG zones.
On the demand side, Paul provides a compelling argument for the future of graphite and more specifically EV’s (Tesla). Paul’s thesis further suggests that the recent oil shock will do little to curb the long term lifestyle demand of the future Tesla consumer.