Mason Graphite (V.LLG) pops 20% on positive coverage from Quantum Fund co-founder

Gaalen Engen Gaalen Engen, Stockhouse.com
3 Comments| March 5, 2014


Mason Graphite (TSX-V:LLG, StockForum), a Montreal-based mining firm engaged in exploring and developing its Lac Gueret graphite property located in northeastern Quebec, received positive coverage from investor icon Jim Rogers, co-founder of the Quantum Fund.
 
According to The Bottom Line Report, Rogers emphasized that shares for the company have moved from a low of $0.26 to a high of $1.08 per share and at the moment, stock in Mason is traded at $0.75 per share.
 
He also pressed that the company’s management possesses decades of direct graphite involvement and the team as a whole is “arguably the savviest” group of executives within the sector.
 
Rogers then went on to illustrate the positive nature of Mason’s operations, “Mason's flagship property is the 100% owned 11,630 ha Lac Guéret property in NE Quebec. On December 5th, the Company announced an updated mineral resource estimate that upgraded the Measured and Indicated tonnage by 685% to 50Mt. Inferred resources increased from 2.8Mt to 12Mt. The first 22 years of mine life has a 27.4% grade of graphite (Cgr) and operating cost of $390/tonne. Following that, the mine can produce for many years at 13% grade. All in all, total mine life could well exceed 200 years.”
 
Mason CEO and president, Benoit Gascon, commented, “Mason's most compelling competitive advantage, equal to the quality of our resource, is our intimate knowledge of the graphite customer base, honed by our management team over the last 20 years.”
 
Then he concluded, “With no debt and approximately $4 million in cash, the Company is well situated to develop and grow our world class resource against rising demand for this critical industrial component.”
 
Rogers was quoted in a recent Bloomberg interview stating Mason was “the best play right now” and that, “Mason is a Canadian company that apparently has the purest graphite deposit in the world and is run by the world's experts...people who have been in the graphite business a long time.”
 
Mason Graphite was in the news recently when the company closed its first tranche of its investment in Group Nanoxplore.
 
Shares climbed 20.00% on the news to $0.90 per share.
 
Currently there are 68.1m outstanding shares with a market cap of $61.3 million.

Tags: INDUSTRIAL METALS & MINERALS

Rate this article
0 stars
v
Usefulness

Clarity

Credibility

Comments

StockHouse12345
Wallstreet12345: What do you propose that he do in this situation? Talk about companies/sectors in which he has no interest? Or perhaps he should discuss baseball, art, or fingerpainting? Or perhaps, when a journalist asks a question, he should he just not respond? There is a reason why they are asking him what he is investing in - and not you. I, for one, want to know what the smart money is doing.
1 star
March 7, 2014
Rate this comment
2.5 stars
v
Usefulness

Clarity

Credibility

wallstreet12345
Looks like Jim promoting Mason 100% Rumors are that Tesla might built their battery factory in New Mexico. I like you to do you DD on a company Big North Graphite, they may have a bigger advantage than Mason. If Jim Rogercan promote a company he invested in, I'm sure I can as any others can can promote a company they are invested in too. :)
1.5 stars
March 5, 2014
Rate this comment
4 stars
v
Usefulness

Clarity

Credibility

CommonCentsforDollars
I agree with Wallstreet12345 -- I think Big North Graphite has the true advantage.
2 stars
March 12, 2014
Rate this comment
1 star
v
Usefulness

Clarity

Credibility

Leave a Message

You must be logged in to access this feature.