Next Thursday we would be delighted if you could join us in Mayfair for an update from four exciting resource stocks with one thing in common - bags of potential.
To ensure you don't miss out on the event on February 26, secure your place HERE.
For fluorspar-focused Tertiary Minerals, its MB project in Nevada, USA was the story of 2014. Consisting of 89 claims spanning almost 1,800 acres, the firm has understandably been getting very excited about recent drilling results there. The site already has a JORC resource of over 38mln tonnes at more 10% of the industrial mineral but recent holes have shown the mineralisation extends to the west and at depth, showing the potential to lift that figure. Fluorspar, whose uses include in refrigerant gases and Teflon, presents a great opportunity for the firm in Europe and the US as exports from China have dwindled over the years.
Toronto Venture exchange-listed Primeline Energy’s shares have risen by 25% in the past month as investors have latched onto the cash flow potential of its Chinese gas production growth story. Primeline is in partnership on the LS36-1 gas venture with China’s state oil company China National Offshore Oil Company (CNOOC). Commercial scale gas production from the field in the East China Sea officially began at the start of December after an impressive trial period. Output currently averages about 26mln cubic feet per day and Primeline Energy expects annual revenues around US$50mln as, importantly, the bulk of sales are at a fixed price, unaffected by crude movements. Indeed, Primeline receives over three times more for its gas than producers in the US, with substantial exploration potential on its huge chunk of acreage on top. At a market value at C$65mln, Primeline is currently rated on barely one times 2015 cash flow.
Chief executive Fortune Mojapelo recently described Bushveld Minerals' vanadium project in South Africa as one of the best anywhere in the world.
It's for that reason that the diversified mining firm, which also has tin, coal and iron ore assets, is currently prioritising the property.
Studies have already shown the potential for it to be for it be one of the world's lowest cost producers with operating costs of US$5.99 per kg.
A scoping study valued it at US$562mln, compared to a market value of less than £12mln currently.
Investors can now expect the completion of the pre-feasibility study in the first half this year, while the firm has already embarked on bankable feasibility elements as well.
Fortune will join us to tell us more about Bushveld's opportunity in vanadium and other activity planned for this year.
Meanwhile, Wolf Minerals continues to make good progress with its tungsten and tin mine development in Devon - with construction on track and dry commissioning expected to kick off next month.
Production is scheduled for third quarter this year, which will be a landmark moment not only for Wolf but also the UK as Hemerdon will be the first mine to open in this country for almost 40 years.
Other news has also been encouraging with a recent study indicating a substantial increase in the mine life may be possible through steeper mining.
Wolf has no financial issues, with all of its finances in place and the build being funded by a £75mln debt facility and new equity.
The evening will end at 7:30pm with a complimentary bar and an assortment of hot & cold canapes, giving you the opportunity to speak with the directors and other investors.
Please join us at 5:45pm to allow for a prompt 6pm start. Each company has 20 minutes to give a short presentation and then 10 minutes Q&A.
This will be followed by the 'Champagne Raffle' where four guests will win a bottle each. The event will be rounded off with a drinks reception with canapés.