- The company’s Matawinie graphite project and its anode plant are projected to generate an EBITDA of around $270 million per year.
- However, there are several red flags and I think the operation could be next to worthless in today’s graphite market.
- The Balama graphite mine looks like a better project and since Syrah couldn’t make it work, I seriously doubt Nouveau Monde can make Matawinie work.
- Overall, I think Nouveau Monde is a sell and shouldn’t be worth north of $100 million.
For further details see:
Nouveau Monde Graphite - It Sounds Too Good To Be True