Investors, take note. Three potentially high-reward stocks are headlining our Toronto One2One Investor forum today -- PetroFrontier Corp (CVE:PFC), Mason Graphite (CVE:LLG) and Black Iron (TSE:BKI).
The Proactive Investors One2One forums promise to provide direct access to the bosses of some of the nation’s most dynamic growth companies. In six years, Proactive has organized more than 300 events and introduced investors to some of the stock market’s best-performing stock market listed companies.
Indeed, this time is no different. PetroFrontier Corp. is gearing up to drill up to five vertical test wells this year on its joint venture with Norweigan energy giant Statoil in Australia's Southern Georgina Basin, at no cost to the company.
Meanwhile, Mason Graphite, which is advancing its Lac Guéret flake graphite project in northeastern Quebec, is coming off some game-changing news, announcing plans to acquire up to a 40% stake earlier this month in NanoXplore, a privately held R&D company focused on developing its method to produce graphene from natural flake graphite on a large scale.
And last but certainly not least, Black Iron has just announced an improved feasibility study for its Shymanivske project in the Ukraine, including an 8% increase in annual production of iron ore concentrate at virtually steady costs.
Tonight, PetroFrontier, Mason Graphite and Black Iron directors will present about each of their company's plans for this year (see mini bios below).
They will be presenting on Thursday January 23rd, beginning at 5:30pm ET, at Ivey ING Direct Leadership Centre - 130 King Street West.
All three companies will make a 20 minute pitch followed by a 10 minute inquisition by a roomful of potential investors. For more details on the event, and to register, please click here.
Once PetroFrontier, Mason and Black Iron have presented to investors, complimentary canapés and beverages are available for 90 minutes during a break-out session, where attendees can mingle with other guests, or ask more questions to the presenters.
We look forward to seeing you there!
PetroFrontier Corp. is preparing to drill up to five vertical test wells this year on its joint venture in Australia's Southern Georgina Basin, recently telling investors that all wells will include an extensive coring and open hole evaluation program. "This program reflects the synergies of having Statoil technical staff imbedded in PetroFrontier's former Adelaide office for over a year," said PetroFrontier's new president and CEO, Earl Scott, who came into the position last October from his prior COO role.
PetroFrontier closed its Adelaide office last year in a bid to conserve cash, after having signed an amended farm-in agreement with Statoil in June 2013, which fully funds a US$50 million 2013/2014 exploration program in the Southern Georgina Basin. The amended deal, which bumps up Statoil's potential interest in the blocks to 80% from 65% previously, came after the junior company had some hiccups in raising the capital previously required for the campaign amid dry capital markets. Under the new terms, up to six vertical wells can be drilled with no cost to PetroFrontier.
Depending on government approvals, weather and service company availability, the company is hoping to see drilling results in the third quarter and testing results in the final three months of this year.
And Mason Graphite is moving into graphene after its recent strategic alliance, which will see Mason become not only NanoXplore's exclusive supplier of graphite, but also its sales distributor, adding a new product to Mason's portfolio. NanoXplore has a proprietary technique to produce graphene from natural flake graphite, using a low-energy and low-cost electrochemical conversion process that is scalable. This compares to chemical vapor deposition and liquid exfoliation methods, which are not scalable and are associated with higher processing costs.
“This mutually beneficial alliance will connect our expert teams and combine potential low cost flake graphite production from our Lac Guéret project and potential low cost graphene production from NanoXplore’s process," said Mason CEO Benoit Gascon earlier this month.
In December, Mason boosted its resources substantially at its Lac Guéret graphite project by some 658%. The measured and indicated resource increased to 50 million tonnes from 7.6 million tonnes, while inferred mineral resources jumped to 11.9 million tonnes from 2.8 million tonnes.
And finally, just a few hours ago, Black Iron posted an improved feasibility study on its Shymanivske project in the Ukraine, which is to be partially funded by the company's strategic partner Metinvest.
The latest bankable feasibility study, updated from the previous one released in December 2012, is based on the results of pilot plant test work conducted throughout 2013, which resulted in an optimized design and layout. The new study also includes revised infrastructure usage rates confirmed through several recently signed preliminary deals for power lines, port and railway access.
The updated report outlines an operation producing 9.9 million tonnes per year of high grade 68% iron ore concentrate, compared to 9.2 million tonnes per year previously, with a US$3.3 billion pre-tax net present value at an 8% discount rate, and a 48% IRR. The total projected initial capital costs to develop the mine is now US$1.097 million, with a 2-year payback period.
These results compare to the prior pre-tax net present value of US$3.5 billion at the same discount rate, and a 45.9% IRR, as well as a 2.2-year payback period and capital costs of $1.094 billion. Operating costs increased only slightly, by 1.3%, to $44.54 per tonne, reflective of firm deals signed with several infrastructure and utility service providers.