Investors are invited to come see three Canadian resource companies in Vancouver next week at our upcoming Proactiveinvestors One2One forum, which promises to provide direct access to the bosses of some of the nation’s most dynamic growth companies.
Attendees will get a more in-depth look into PetroFrontier (CVE:PFC), Curis Resources (TSE:CUV) and Canamex Resources (CVE:CSQ), as their respective directors present to the crowd their plans for development.
At the Vancouver event, which will take place on Monday November 18th at the Metropolitan Hotel Vancouver - 645 Howe Street, Cristal Ballroom -- the companies will make a 20 minute pitch followed by a 10 minute inquisition by a roomful of potential investors.
Once the companies have presented, 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. The presentations will start at 1:30 pm and finish at 3:00 pm local time.
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.
This event will be no exception, kicking off with PetroFrontier, an oil-focused explorer with a dominant foothold in central Australia. The junior oil and gas explorer is moving ahead as it looks for more opportunities globally and in Australia, home of the company's existing prospects that resulted in a game-changing, value accretive deal with Norwegian energy giant Statoil in mid-2012. Under the new deal, Statoil could spend up to a total of US$175 MM by the end of 2016 before PetroFrontier will be required to contribute to the asset further.
The company, which will also present at Proactive One2One forums in Toronto and Calgary next week, is now looking for other opportunities that will add value for shareholders, specifically in the area surrounding the Southern Georgina play and in Southeast Asia or Western Canada.
Curis Resources will present next, after earlier this year surpassing one of the few major hurdles left in getting the phase 1 operations at its Florence copper project going, which according to CEO Michael McPhie, is a strong vote of confidence in the technical viability of the asset and the general direction the company is headed. The company in July announced it received the amended Aquifer Protection Permit (APP) from the State of Arizona for phase 1 operations, following an exhaustive public consultation process that lasted eight months.
Curis has also been working to improve the economics of the project, and is hoping that the phase 1 operations will help prove up the copper recovery assumptions and refine some of its engineering estimates. It has even modeled an economic development scenario with up to a 75 per cent copper recovery rate, which yields a net present value of $552 million after tax, and a higher IRR of 31 per cent. The Florence project has a long history, having been advanced to a prefeasibility study level and attaining full project permits when it was owned by BHP Copper in the late 1990s.
Finally, Canamex Resources will take the stage, recently surprising investors with tremendous drilling progress at its Bruner project in Nevada, where it recently unveiled the final round of reverse circulation drilling results this year, saying one hole in the heart of the historic resource area justifies the need for an "intense" drilling program in 2014. The hole, B-1340, intersected 57.9 metres of 5.23 grams per tonne (g/t) gold between 260 and 450 feet in depth, including a clay-rich and silicified interval at about 275 feet containing 121 g/t gold.
It also recently identified several more "hot spots" over the Penelas East focus area at Bruner after a preliminary geophysical survey. A follow up survey is currently being completed as the first covered less than 1.7% of the 14.2 square kilometre property. The company is garnering attention from more senior miners like Hecla Mining (NYSE:HL), which has invested $2.52 million towards a 15 per cent stake in the junior explorer.
To find out more details and register for this Vancouver event, please click here.
We look forward to seeing you there!