valence versus flinders

Others have pointed out the similarities between Valence planning to produce graphite near Port Lincoln and Flinders,a Canadian company, planning to produce graphite at Woxna in Sweden.It will be interesting to see who gets the first cash flow from sales and how the figures compare.

http://web.tmxmoney.com/article.php?newsid=66128977&qm_symbol=FDR

Flinders Progress to Production Update at Woxna Graphite, Sweden
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 3, 2014) - Flinders Resources Limited ("Flinders" or the "Company") (TSX VENTURE:FDR) is pleased to provide an update on the work program underway to restart graphite production from the Woxna mine and processing facility in central Sweden. Woxna is a fully permitted brownfields graphite mine, having been on care and maintenance since 2001.

The Company has placed orders for a number of short lead time and key items, such as vertical regrind mills and process control hardware. Refurbishment of the product handling systems, such as storage silos and material handling conveyors, are well advanced and nearing completion. Electrical and mechanical site works at the brownfield Woxna graphite processing plant facility are progressing on schedule. The plant equipment is being refurbished as required to enable the plant to commence production by July 2014.

The Company will be represented at PDAC at booth #3139 and personnel will be available to provide further information on Flinders Resources.

Flinders' President and CEO, Mr. Blair Way said: "Finalization of new equipment orders is another important milestone for our restart of operations. With new equipment and refurbishment progressing on schedule, and within budget, it is an exciting time for Flinders, as we aim to re-establish the Woxna graphite project to its former position as a key supplier of graphite to Europe. We will continue to provide regular updates through news releases and photos on our website as we progress to production this summer.

http://web.tmxmoney.com/article.php?newsid=62439037&qm_symbol=FDR

The following is an extract from the detailed info at the above website

Flinders' Woxna Graphite Project Delivers Positive Preliminary Economic Assessment


VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 3, 2013) -

Editors Note: There is one figure associated with this press release.

Flinders Resources Limited ("Flinders") (TSX VENTURE:FDR) is pleased to report positive results from its preliminary economic analysis ("PEA") of the 100%-owned and fully permitted Woxna graphite project in Sweden.

Financial Highlights

Estimated in the PEA:
•Low start-up capital costs of $16.7 million1 ("M") including contingency and working capital
•Average production costs of $662 per tonne of graphite concentrate
•$26.6M post tax net present value ("NPV") (8% discount);
•34% post-tax internal rate of return ("IRR")
•Payback period of 3.9 years
•Conservative average graphite sales price of $1, 199 per tonne used
•Post tax NPV increases to $37.3M (8% discount) in a sensitivity analysis when 10% higher graphite prices of $1,318 per tonne are used. (see table 7)

Operational Highlights

Estimated in the PEA:
•155, 000 tonnes / year of mined material delivered to Run of Mine ("ROM") with 10.3% average graphite head grade
•Design production rate of 16, 600 tonnes / year of graphite concentrate
•Excellent graphite recovery of 96%
•88% to 95% graphite purity and 40% by weight as premium large or extra-large flake graphite
•13 year mine life
•Stripping ratio of 5.3:1 overall, starting at 4:1

Mr Martin McFarlane, President and CEO states, "We are very encouraged by the positive results from the Woxna PEA, which demonstrate a very low capital, low operating cost project that generates good returns for shareholders. Flinders' on-going sales of stockpiled flake graphite has enabled us to establish relationships with consumers, providing a firsthand view of the graphite market demand in Europe. The PEA assumes conservative graphite prices and requires an initial capital investment that is an order of magnitude lower than peer projects."

1. Unless otherwise noted, all monetary figures presented in this document are in United States dollars