Tuesday, January 07, 2014 11:15:42 AM
Solid fundamentals for success
Graphite is used in over 180 end products. It is an essential and highly desirable product for which consumption and demand continues to increase.
The Lac Guéret property has an exceptionally high grade ore body that averages 20.4% carbon as graphite (Cgr), which is equivalent to about 9.1 g/t gold (assuming graphite price of $1,750 and gold price of $1,250. Source: Source: Craig Miller at TD Securities).
The company is let by a highly experienced management team, including CEO Benoit Gascon who has held 20 years of executive positions at Timcal, including over 6 years as CEO. Timcal, now owned by Imerys, is the largest graphite producer in the world.
The Lac Guéret property is ideally located in the “Plan Nord” territory in northeastern Quebec, near the main service centre of Baie Comeau. The “Plan Nord” territory is an economic development strategy launched by the Government of Quebec in May 2011 to help the progression of mining projects located north of the 49th parallel.
The management and board have outlined a clear development plan and intend to transition the company to production by the end of 2015.
- See more at: http://www.masongraphite.com/investors/investment-highlights/default.aspx#sthash.zCJhqIBo.dpuf
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