Mason Resources Inc V.LLG

RE:RE:RE:RE:RE:RE:RE:May end up going above 1$

[outonthetiles]

Not sure why BNN has only uploaded 2 minutes of the 10 minute interview with the CEO.....usually they upload the entire thing ?? The inteview was very encouraging......will keep my eyes on this one. Great run today for Mason and a few of the other graphite companies today. Below is an article posted on stockhouse a few hours ago about LLG. Its starting to look like quality juniors with cash on hand,good management and a solid resource are finally starting to rebound....thank god for that as its been a rough few years. Best of luck to all.....Cheers !!

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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.