Graphite Company Comparables as of 27 / 07 / 2012, from Highest to Lowest Market Cap
(I have put some comments after the comparables)
Company Shares Out Last Market Cap Stage
Flinders Resources (TSX-V: FDR) 39.9 mil $1.58 $63 mil Development
Focus Metals (TSX-V: FMS) 96.4 mil
.65 $62.6 mil Development
Northern Graphite (TSX-V: NGC) 46.9 mil $1.15 $53.9 mil Development
Energizer Resources (TSX-V: EGZ) 156.7 mil
.29 $45.5 mil Development
Graphite One (TSX-V: GPH) 85.8 mil
.145 $12.4 mil Exploration
Zimtu Capital (TSX-V: ZC) 11.3 mil
.78 $8.8 mil N/A
Zenyatta Ventures (TSX-V: ZEN) 39.6 mil
.21 $8.3 mil Development
Georges Platinum (CNSX: SX) 103 mil
.075 $7.7 mil Exploration
Velocity Minerals (TSX.V: VLC) 29.1 mil
.175 $5.1 mil Exploration
Lomiko Metals (TSX-V: LMR) 66.4 mil
.07 $4.7 mil Exploration
Standard Graphite (TSX-V: SGH) 25.1 mil
.175 $4.4 mil Exploration
Greenlight Resources (TSX-V: GR) 37.9 mil
.10 $3.79 mil Exploration
Strike Graphite (TSX-V: SRK) 43.3 mil
.075 $3.3 mil Exploration
GoldCliff (TSX-V: GCN) 89.9 mil
.035 $3.2 mil Exploration
Uragold Bay (TSX-V: UBR) 169 mil
.015 $2.5 mil Exploration
First Graphite (TSX-V: FGR) 20.9 mil
.10 $2.1 mil Exploration
Canada Rare Earths (TSX-V: CJC) 27.2 mil
.07 $1.9 mil Exploration
Kent Exploration (TSX-V: KEX) 89.5 mil
.02 $1.8 mil Exploration
Big North Capital (TSX-V: NRT) 22.5 mil
.075 $1.7 mil Exploration
Soldi Ventures (TSX-V: SOV) 38 mil
.045 $1.7 mil Exploration
Atocha Resources (TSX-V: ATT) 49.5 mil
.035 $1.7 mil Exploration
Amseco (TSX.V: AEL) 61 mil
.025 $1.5 mil Exploration
Pinestar Gold (TSX-V: PNS) 28.2 mil
.05 $1.4 mil Exploration
Caribou King (TSX-V: CKR) 44.5 mil
.045 $2 mil Exploration
Cavan Ventures (TSX-V: CVN) 40 mil
.03 $1.2 mil Exploration
Bravura (TSX-V: BVQ) 11.1 mil
.085 $945.1 k Exploration
Terra Firma (TSX-V: TFR) 22.2 mil
.03 $665.8 k Exploration
Logan Copper (TSX-V: LC) 55 mil
.01 $550.4 k Exploration
BlackSmoker (CNSX: BSM) 20 mil
.02 $400 k Exploration
Some Comments:
- After the first four companies on the list, the market caps fall off considerably.
- The number and quality of the properties of the companies vary considerably.
- Current treasury amounts, access to capital and work commitments are important considerations - especially in today’s poor markets.
CJC is a standout, IMHO. Here’s why:
- Their market cap is only $1.9 mil, with only 27.2 million shares out.
- They gained 11 properties only 10 days ago, giving them 15 properties. They have drill-ready properties and had very good grab sample results just this past Tuesday.
- They have more land than any other graphite play in Quebec – and probably Canada.
- Brand new Management are heavy hitters, can raise money - and have well-established relations with graphite end-users in Asian Markets. This is a huge advantage.
- The end-users (i.e., Asian conglomerates, etc.) may decide to do a JV – giving CJC all the money needed to drill – a jump on the competition - and greatly lessening the need for any dilution.
Any comments re the comparables?
Jim