Topic: How To Invest

Hello Patrick and team: I’ve never been very successful with penny stocks or start-ups, but I’m always looking around for possibilities. Can I have your opinion on Northern Graphite? Thank you.

Article Excerpt

Northern Graphite Corp., $0.78, symbol NGC on Toronto (Shares outstanding: 40.9 million; Market cap: $31.9 million; www.northerngraphite.com), has been exploring and developing its wholly owned Bissett Creek graphite property near Mattawa, Ontario, since 2002. The company changed its name from Industrial Minerals Canada Inc. on March 1, 2011. Its parent company, Industrial Minerals Inc., based in Delaware, owns 31.5% of Northern Graphite. Northern Graphite first sold shares to the public in April 2011, when it raised $4 million by issuing 8 million common shares at $0.50 each. It subsequently listed on the Toronto exchange. The company believes its Bissett Creek deposit contains large crystal-graphite flakes, which command a premium price. It has also received positive results from tests to determine whether the ore can be processed into high-quality graphite concentrate that is ready for sale. Northern Graphite has completed a positive feasibility study and has completed the permitting processes to build a mine. The company continues to drill to further expand the deposit to…