A recent feasibility study found as much as 19 million tons of graphite reserves at Bissett Creek. The company expects to process more than 4.0 million tons of ore over the first five years of the project and produce as much as 18,600 tons of graphite concentrate each year. The feasibility study detailed attractive profit scenarios, suggesting the Company could generate significant profits if graphite prices remain. Graphite prices have been increasing in recent months and over the last couple of years prices have more than doubled for large flake, high purity graphite - the type Northern expects to produce from Bissett Creek. Currently, flake graphite is selling at prices between $1,500 to $3,000 per ton depending upon flake size and grade. The prices used in four scenarios laid out in the Bissett Creek feasibility study fall near the upper end of this range.