SlideShare une entreprise Scribd logo
1  sur  37
Télécharger pour lire hors ligne
A Premier Merchant Bank Focused on
   Building Resource Companies

    www.forbesmanhattan.com
                                 June 2012
Cautionary Note Regarding
 Forward Looking Statements

All statements, other than statements of historical fact, contained in this presentation constitute “forward-looking statements” and
are based on the reasonable expectations, estimates and projections of the Company as of the date of this presentation.
Forward-looking statements include, without limitation, possible events, trends and opportunities and statements with respect to
possible events, trends and opportunities, including with respect to, among other things, global market trends, expected industry
demands, the Company’s business strategy and investment criteria, the nature of potential business acquisitions, costs and
timing of business acquisitions, capital expenditures, successful development of potential acquisitions, currency fluctuations,
government regulation and environmental regulation. The words “plans,” “expects,” or “does not expect,” “is expected,” “budget,”
“scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “does not anticipate,” or “believes,” or variations of such words
and phrases or statements that certain actions, events or results “may,” “could,” “would,” “might,” or “will be taken,”“occur” or “be
achieved” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered reasonable by the company as of the date of such statements, are
inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and
assumptions contained in this presentation, which may prove to be incorrect, include, but are not limited to, the various
assumptions of the company set forth herein. Known and unknown factors could cause actual results to differ materially from
those projected in the forward-looking statements. Such factors include, but are not limited to fluctuations in global supply and
demand, changes in competitive pressures, including pricing pressures, timing and amount of capital expenditures, changes in
capital markets and corresponding effects on the company’s investments, changes in currency and exchange rates, unexpected
geological or environmental conditions, changes in and the effects of government legislation, taxation, controls and regulations
and political or economic developments in jurisdictions in which the Company carries on its business or expects to do business,
success in retaining or recruiting officers and directors for the future success of the Company’s business; officers and directors
allocating their time to other ventures; success in obtaining any required financing; develop an acquired business; employee
relations, and risks associated with obtaining any necessary licences or permits. Many of these uncertainties and contingencies
can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, the Company. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All
of the forward-looking statements made in this presentation are qualified by these cautionary statements. These factors are not
intended to represent a complete list of the factors that could affect the Company. The Company disclaims any intention or
obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise,
or to explain any material difference between subsequent actual events and such forward-looking statements, except to the
extent required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements.



                                                                                                                                        2
Company Overview




Our Business Model




Our Delivered Results


                        3
Overview

Leading Private Merchant Bank
      Focused on the Natural Resources Sector

  Successful track record of identifying high quality assets
     and advancing them from discovery through to production


  World-class, multi-disciplined team of professionals


  Access to timely capital
     We finance natural resource companies from early-stage to
     exploration to development




                                                                 4
Overview
  Fast time to close
     Immediate access to capital enables swift closings


  Integrated leadership
      Direct involvement at the management, board and technical
      levels

  Extensive investment banking / capital raising relationships
     Our network spans leading institutional and private equity
     funds, investment banks and retail brokers across the globe

  Headquartered in Toronto, Canada
     With offices, operations and assets worldwide




                                                                   5
What We Bring
Integrated Team Built on Technical and Operational Expertise
       and Accomplished Financial Markets Professionals

                                         Stan Bharti
                                        Founder and                  Advisory
                                      Executive Chairman              Board




      Technical                   Legal            Financial                   Admin /
        Team                      Team               Team                     Accounting
   • Over 50 engineers      • 8 full-time       • Over 30 people            • Over 20
   • Over 50 geologists       securities          with expertise in           accounting and
                              lawyers and         – M&A                       administration
   • Expertise in all
                              support staff       – Investment banking        staff
     mining, energy and
                                                  – Corporate Finance
     agriculture products
                                                  – Corporate Development
                                                  – Investor relations


                                                                                               6
Who We Are

Executive Committee
Stan Bharti, P.Eng, Founder, Executive Chairman and CEO
Internationally educated as a professional mining engineer, Mr. Bharti has over 30 years
of experience in operations, public markets and finance. He has been instrumental in
acquiring, restructuring and financing numerous mining assets worldwide generating
billions in market capitalization. Mr. Bharti is bottom line driven with an enormous
capacity to manage multiple complex transactions.

Chief Operating Officer - Scott Moore


Agriculture           David Argyle            Legal                  Pat Gleeson

Corporate Finance     Fred Leigh              Mining                 Mark Eaton

Investments           David Stein             Oil & Gas             Ahmed Said




                                                                                           7
International Advisory Board
General John Abizaid, U.S. Army (Ret.)
    Served for 34 years in U.S. military; was Commander of US Central Command from
    2003-2007

Peter Boot, South America
    25 years financial markets experience; 15 years with ING Group in Brazil, Curacao,
    Venezuela,
    Paraguay and Bolivia

General Jay Garner, U.S. Army (Ret.)
    Served for 35 years in the U.S. military; Command of Air Missile Defense Units during
    the Gulf War

General Ron Hite, U.S. Army (Ret.)
    Served 33 years in the U.S. military; Senior Military Advisor to the Army Chief of Staff

Larry King, U.S.A.
     American icon; Former Host of CNN’s Larry King Live

General Lewis MacKenzie, Canadian Army (Ret.)
    Served in the Canadian Forces for 35 years; led the UN peacekeeping mission in
    Sarajevo

                                                                                               8
International Advisory Board (con’t)


Hon. Pierre Pettigrew, Canada
    Served as Canadian Federal Minister of Foreign Affairs and Minister of International
    Trade

Jim Rogers
    Author, financial commentator and successful international investor.

James Rooney
   Investment and Infrastructure development expert; Established and cultivated new
   businesses

General Sir Michael Rose, British Army (Ret.)
    Highly decorated former SAS Commander for the British Army

Bernard Wilson
    Corporate Finance and Investment Banking advisor with substantial experience in
    financial restructurings




                                                                                           9
The F&M Group at a Glance


Market Capitalization of F&M Group Companies*           >$8B

Employees & Consultants                                 >200

Group Companies                                         >40

Total Funds Raised by Group Companies in last 4 Years   >$5B

Number of Resource Projects in F&M Group                >90

Number of Producing Assets in F&M Group                  7

Number of Countries F&M Group has Projects               30
* Includes historical successes
                                                               10
The F&M Group At A Glance
                                               Forbes &
                                               Manhattan


                       Forbes
                   METALS & MINING
                      GROUP *


       Forbes                    Forbes        Forbes       Forbes     Forbes
  BASE & PRECIOUS              SPECIALTY    AGRICULTURE    ENERGY    FINANCIAL
   METALS GROUP              METALS GROUP     GROUP        GROUP       GROUP




* Larger companies are highlighted
                                                                                 11
Company Overview




Our Business Model




Our Delivered Results


                        12
About Forbes & Manhattan

Asset Builders, Not Stock Traders
   • Technical specialists with a track record of identifying superior,
     undeveloped or under-developed assets
   • Experienced financial, legal and back office teams to support assets at
     all stages from concept to production

International Network
   • Global network of technical specialists to identify high quality projects
   • International network of investors
   • Track record of securing off-take agreements and long-term project
     financing

Results
   • Ability to raise capital to develop projects on time and on
     budget resulting in superior returns


                                                                                 13
Our Business Model


A clear focus: “stick to the knitting”
 we focus on what we know best
                                             Disciplined investment
                                               and technical approach
                                                  clear criteria




Deliver excellent returns
                                          Build assets
                                         strong active management




                                                                        14
A Clear Focus
Resource Companies Are Our Core Business
                      >40 companies with assets in 30 countries




       Full range of resource investments:
       precious metals, energy, fertilizer, bulk commodities

                Corporate Headquarters         Regional Offices   15
Disciplined Investment Approach
We Know What We Are Looking For


   Exceptional assets


          Significant growth potential


                 Strong local and political relationships


                         Ability to build assets


                                 Potential exit in 3-6 years


                                                               16
Build Assets



      We are NOT traders…   We BUILD Assets




                                              17
Forbes’ Vision


                             VISION
 To use technical and operational excellence to source and develop
 mineral, energy and agriculture projects that have high potential for
                            value growth

    To couple capital with technical and operational expertise for
              high quality resource projects in order to
                    to create shareholder wealth




                             TECHNICAL &
      QUALITY
     PROJECTS          +     OPERATIONAL        +         CAPITAL
                                SKILLS

                                                                         18
Deliver Excellent Returns…

             HISTORY
                                                                >$7.00                       $17.25                     $7.00



                                                   $0.20                       $0.22                       $0.86

             CURRENT                                Cost        Sale Exit        Cost        Sale Exit      Cost       IPO Exit
                                                   • 3400% return in 4 yrs    • >7700% return
                                                                                                          • 715% return in 2 yrs
                                                   • Sold to Yamana Gold      • Sold to Cliffs Natural
                                                   for $735M                  Resources for $4.9B         • Market cap $1.5B




              >$0.51                   >$2.17                     A$.21                      >$1.13                    >$.1.14



 $0.22                     $1.00                    A$0.15                      $0.35                       $0.25
   Cost        Market        Cost       Market        Cost         Market        Cost          Market        Cost       Market
 (Oct ‘07)   (June ‘12)    (Jan ‘10)   (June‘12)    (Jun ‘10)    (June ‘12)    (Apr ‘08)     (June ‘12)    (Mar ‘10)   (June‘12)

• 138% return             • 117% return            • 40% return               • 223% return               • 356% return
• Market cap $226M        • Market cap $217M       • Market Cap A$22M         • Market cap $275M          • Market Cap $240M

                                                                                                                                   19
In Summary
What Sets Forbes & Manhattan Apart
• Extensive Network
    • Political leaders, industry experts, strong technical and developmental
      team, financial experts, high net-worth individuals and institutional
      investors
•   Ability to attract financing on a large scale and secure
    international off-take agreements

• Proven Business Model
    • First class team of specialists take projects from concept to operating
      success. Model has been replicated numerous times
• Excellent Results
    • Secure assets, capital and develop projects to realize superior returns on
      investment




                                                                                   20
List of Companies by Commodity
Precious Metals Group
Company Name                Primary Country         Main       Market Cap
                             of Operations        Product(s)     (Recent)

Alexis Minerals Corp        Canada                Gold              $18M
Apogee Silver Ltd           Bolivia               Silver            $24M
Avion Gold Corp             Mali / Burkina Faso   Gold            $226M
Belo Sun Mining Corp        Brazil                Gold            $240M
Castillian Resources Corp   Canada                Gold              $13M
Crocodile Gold Corp         Australia             Gold            $152M
East Asia Minerals          Indonesia             Gold              $32M
Goldstream Exploration      Canada                Gold            Private
Legacy Platinum             South Africa          Platinum        Private
Silver Bear Resources Inc   Russia                Silver            $17M
Sulliden Gold Corp          Peru                  Gold            $275M
Windamere                   Argentina             Gold            Private



                                                                            21
List of Companies by Commodity
Base Metals Group


Company Name            Primary Country     Main        Market Cap
                         of Operations    Product(s)      (Recent)

Alder Resources Ltd     Nicaragua         Copper/Gold        $ 7M
Bell Copper Corp        U.S.A. / Mexico   Copper              $3M
Copper One Inc          Canada / U.S.A.   Copper             $11M
Excelsior Mining Corp   U.S.A             Copper            $15M




                                                                     22
List of Companies by Commodity
Specialty Metals Group

Company Name            Primary Country Main Product(s)   Market Cap
                         of Operations                       (Recent)

Alderon Resource Corp    Canada              Iron Ore         $217M
Black Iron Inc           Ukraine             Iron Ore          $39M
Cap-Ex Ventures Ltd      Canada              Iron Ore          $25M
Consolidated Thompson                                      $4,900M
                         Canada              Iron Ore
Iron Mines Ltd                                            (Sold May’11)
Golden Star              Canada              Chromite         Private
Mason Graphite           Canada              Graphite         Private
Ridgemont Iron Ore       Canada              Iron Ore          $19M
Rodinia Lithium Inc      U.S.A./ Argentina   Lithium           $14M




                                                                          23
List of Companies by Commodity
Agriculture Group


Company Name            Primary Country Main Product(s)    Market Cap
                         of Operations                         (Recent)

Aguia Resources Ltd       Brazil         Phosphate         A$22M
Allana Potash Corp        Ethiopia       Potash            $140M
Brazil Ecoethanol LLC     Brazil         Sugar / Ethanol   Private
Brazil Potash Ltd         Brazil         Potash            Private
                                                           (Market Cap $150M)
                                         Bio-solid
Earth Renew Corp          Canada                           Private
                                         remediation
                                         Timberlands /
Forbes Timber                                              Private
                                         Harvestry




                                                                                24
List of Companies by Commodity
Energy Group

Company Name            Primary Country     Main Product(s)      Market Cap
                         of Operations                             (Recent)

Brookwater Ventures      Brazil             Oil & Gas               $14M
Crosshair Energy
                         Canada             Uranium / Vanadium      $22M
Group
Exile Resources Inc      Africa             Oil & Gas                $7M
Forbes Coal Corp         South Africa       Coal                    $43M
Irati Energy Ltd         Brazil             Oil Shale              Private
Longford Energy          Kurdistan (Iraq)   Oil & Gas               $21M
Sagres Energy Inc        Colombia           Oil & Gas                $7M
Stetson Oil & Gas Ltd    USA                Oil & Gas                $6M
Vast Exploration Inc     Kurdistan (Iraq)   Oil & Gas                $8M




                                                                              25
List of Companies by Commodity
Financial Group


Company Name                 Primary Country    Main Product(s)       Market Cap
                              of Operations                             (Recent)

Aberdeen International Inc     Global          Resource Investments     $38M
                                               Rare Earth
Dacha Strategic Metals Inc     Asia                                     $28M
                                               Investments
F&M Capital Management         Global          Resource Investments    Private




                                                                                   26
Contact Information




Corporate Headquarters
65 Queen Street West                       Tel:    +1 (416) 861-1685
Suite 805, P.O. Box 71                     Fax:    +1 (416) 861-8165
Toronto, Ontario, Canada
M5H 2M5                                    info@forbesmanhattan.com



 If you wish to submit or discuss a specific idea, please submit your
 company information or business proposal to:
                    bplans@forbesmanhattan.com




                                                                        27
Company Overview




Our Business Model




Our Delivered Results


                        28
Case Study: Consolidated Thompson
Founded Consolidated Thompson Iron Mines

•   World Class Iron Ore Project in Quebec
•   Built from exploration stage in 2005 through to production in 2010
     • Completed scoping study, 3 feasibility studies, secured off-take and
        financing agreements with China.
•   Market cap when F&M got involved was $1 million; sale price market
    capitalization of $4.9 billion
•   Raised approximately $1 billion, including a strategic US$240 million
    investment from Wuhan Iron & Steel Co. (WISCO)




                                                                              29
Case Study: Consolidated Thompson
Building Bloom Lake Iron Ore Mine




                   Production: Q1 2010

                                         30
Case Study: Consolidated Thompson
Value Realized:
Acquired by Cleveland Cliffs Natural Resources Inc. for $4.9billion
                           $17.25




                                     • ~7,700% return over 4 years



              $0.22




                                                                      31
Case Study: Avion Gold
Founded Avion Gold Corp
• Acquired Tabakoto / Segala mine in Mali, West Africa mid-2008 from
  Nevsun Resources for US$ 20 million
    • Over US$150 million in infrastructure was invested by Nevsun:
      brand new mill, accommodations, roads and power facilities
• Avion’s expert team turned around the operation and put the
  property back into production. We build value in struggling assets
  where others cannot – our technical team is one of the best in the
  world
    • 4.8 million ounce resource with significant exploration upside
• Result: current market cap $412 million                       MALI



                                                            BURKINA
                                                             FASO




                                                                       32
Case Study: Avion Gold
We Build Value Where Others Cannot

   Milling Facility – 96% Au recovery      Fuel Supply – contracted




       Camp – houses 200 staff          Power Supply – purchased 2008




                                                                        33
Case Study: Avion Gold
Production Ramping Up

   Gold Production (000’s oz)
                                Potential to double
                                                                       >$0.51
                                    production



             ~100,000 oz                                  $0.22


~50,000 oz                                                 Cost        Market
                                                         (Oct ‘07)    (June‘12)

                                                      • 138% return
                                                      • Market cap $226M


  2009          2011                  Future




                                                                                  34
Case Study: Alderon Iron Ore
Founded Alderson Iron Ore in March 2010


• World class iron ore project in the heart of the Labrador Trough,
  Canada’s Premier Iron ore District

• Kami Property consisted of three map-staked licenses at the time of
  acquisition (March 2010)
• Completed 2 NI 43-101 mineral resource estimates, a PEA, secured
  a strategic partner and a major off-take agreement within two years
  of acquiring the asset




                                                                        35
Case Study: Alderon Iron Ore
• Initial seed financing was $15 million at $0.15 per share and at
  current market capitalization (excluding recent off-take deal) is $217 million

• Hebei Iron & Steel Group has committed $414 million to fund Kami’s
  development by way of equity, project financing and off-take
• Excluding the recent Hebei deal, Alderon has completed all of its
  milestones on $96 million in financings




                                                                                   36
www.forbesmanhattan.com

Contenu connexe

Tendances

Corporate Presentation 2010
Corporate Presentation 2010Corporate Presentation 2010
Corporate Presentation 2010ForbesManhattan
 
Dacha Corporate Presentation, October 2012
Dacha Corporate Presentation, October 2012Dacha Corporate Presentation, October 2012
Dacha Corporate Presentation, October 2012Dacha Strategic Metals
 
F&M Corporate Presentation September 2011
F&M Corporate Presentation September 2011F&M Corporate Presentation September 2011
F&M Corporate Presentation September 2011ForbesandManhattan
 
2019.04.23 probe metals presentation
2019.04.23 probe metals presentation 2019.04.23 probe metals presentation
2019.04.23 probe metals presentation Probe Gold
 
2019.05.07 probe metals presentation
2019.05.07 probe metals presentation 2019.05.07 probe metals presentation
2019.05.07 probe metals presentation Probe Gold
 
Aberdeen International Corp Pres - Jan 2011
Aberdeen International Corp Pres - Jan 2011Aberdeen International Corp Pres - Jan 2011
Aberdeen International Corp Pres - Jan 2011Aberdeen International
 
Aberdeen Corporate Presentation April 22 2011
Aberdeen Corporate Presentation   April 22 2011Aberdeen Corporate Presentation   April 22 2011
Aberdeen Corporate Presentation April 22 2011Aberdeen International
 
Aberdeen International Corporate Presentation
Aberdeen International Corporate PresentationAberdeen International Corporate Presentation
Aberdeen International Corporate PresentationAberdeen International
 
Northern Lights Resources Corp.
Northern Lights Resources Corp. Northern Lights Resources Corp.
Northern Lights Resources Corp. MomentumPR
 
Aberdeen Corporate Presentation Feb 2011
Aberdeen Corporate Presentation  Feb 2011Aberdeen Corporate Presentation  Feb 2011
Aberdeen Corporate Presentation Feb 2011Aberdeen International
 
Castle Peak Mining Ltd. Investor Presentation
Castle Peak Mining Ltd. Investor PresentationCastle Peak Mining Ltd. Investor Presentation
Castle Peak Mining Ltd. Investor PresentationCompany Spotlight
 
Harfang Exploration - Corporate Presentation, March 2018
Harfang Exploration - Corporate Presentation, March 2018Harfang Exploration - Corporate Presentation, March 2018
Harfang Exploration - Corporate Presentation, March 2018HarfangEx
 
Tvi corporate presentation october 2016
Tvi corporate presentation october 2016Tvi corporate presentation october 2016
Tvi corporate presentation october 2016TVI_Pacific
 

Tendances (19)

March 2012
March 2012March 2012
March 2012
 
November 8 2011
November 8 2011November 8 2011
November 8 2011
 
F&m april 2012
F&m april 2012F&m april 2012
F&m april 2012
 
September 8 2011 final
September 8 2011 finalSeptember 8 2011 final
September 8 2011 final
 
Corporate Presentation 2010
Corporate Presentation 2010Corporate Presentation 2010
Corporate Presentation 2010
 
Dacha Corporate Presentation, October 2012
Dacha Corporate Presentation, October 2012Dacha Corporate Presentation, October 2012
Dacha Corporate Presentation, October 2012
 
F&M Corporate Presentation September 2011
F&M Corporate Presentation September 2011F&M Corporate Presentation September 2011
F&M Corporate Presentation September 2011
 
2019.04.23 probe metals presentation
2019.04.23 probe metals presentation 2019.04.23 probe metals presentation
2019.04.23 probe metals presentation
 
2019.05.07 probe metals presentation
2019.05.07 probe metals presentation 2019.05.07 probe metals presentation
2019.05.07 probe metals presentation
 
Aberdeen International Corp Pres - Jan 2011
Aberdeen International Corp Pres - Jan 2011Aberdeen International Corp Pres - Jan 2011
Aberdeen International Corp Pres - Jan 2011
 
43yf138spp15mr
43yf138spp15mr43yf138spp15mr
43yf138spp15mr
 
Aberdeen International Corporate Pres
Aberdeen International Corporate PresAberdeen International Corporate Pres
Aberdeen International Corporate Pres
 
Aberdeen Corporate Presentation April 22 2011
Aberdeen Corporate Presentation   April 22 2011Aberdeen Corporate Presentation   April 22 2011
Aberdeen Corporate Presentation April 22 2011
 
Aberdeen International Corporate Presentation
Aberdeen International Corporate PresentationAberdeen International Corporate Presentation
Aberdeen International Corporate Presentation
 
Northern Lights Resources Corp.
Northern Lights Resources Corp. Northern Lights Resources Corp.
Northern Lights Resources Corp.
 
Aberdeen Corporate Presentation Feb 2011
Aberdeen Corporate Presentation  Feb 2011Aberdeen Corporate Presentation  Feb 2011
Aberdeen Corporate Presentation Feb 2011
 
Castle Peak Mining Ltd. Investor Presentation
Castle Peak Mining Ltd. Investor PresentationCastle Peak Mining Ltd. Investor Presentation
Castle Peak Mining Ltd. Investor Presentation
 
Harfang Exploration - Corporate Presentation, March 2018
Harfang Exploration - Corporate Presentation, March 2018Harfang Exploration - Corporate Presentation, March 2018
Harfang Exploration - Corporate Presentation, March 2018
 
Tvi corporate presentation october 2016
Tvi corporate presentation october 2016Tvi corporate presentation october 2016
Tvi corporate presentation october 2016
 

En vedette

20140211 bki corp_pres
20140211 bki corp_pres20140211 bki corp_pres
20140211 bki corp_presblackiron
 
Fmc corporate presentationjune 2013
Fmc corporate presentationjune 2013Fmc corporate presentationjune 2013
Fmc corporate presentationjune 2013forbescoal
 
Corporate Presentation 2017
Corporate Presentation 2017Corporate Presentation 2017
Corporate Presentation 2017blackiron
 
Corporate Presentation August 2014
Corporate Presentation August 2014Corporate Presentation August 2014
Corporate Presentation August 2014blackiron
 
20140603 bki corp_pres
20140603 bki corp_pres20140603 bki corp_pres
20140603 bki corp_presblackiron
 
20140203 bki corp_pres
20140203 bki corp_pres20140203 bki corp_pres
20140203 bki corp_presblackiron
 
20140401 bki corp_pres
20140401 bki corp_pres20140401 bki corp_pres
20140401 bki corp_presblackiron
 
2015084 bki corp_pres
2015084 bki corp_pres2015084 bki corp_pres
2015084 bki corp_presblackiron
 
Forbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate PresentationForbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate PresentationForbesandManhattan
 
20140401 bki corp_pres
20140401 bki corp_pres20140401 bki corp_pres
20140401 bki corp_presblackiron
 
Corporate Presentation November 2014
Corporate Presentation November 2014Corporate Presentation November 2014
Corporate Presentation November 2014blackiron
 
20140301 bki corp_pres
20140301 bki corp_pres20140301 bki corp_pres
20140301 bki corp_presblackiron
 
Black Iron 2016 Corporate Presentation
Black Iron 2016 Corporate PresentationBlack Iron 2016 Corporate Presentation
Black Iron 2016 Corporate Presentationblackiron
 
Fm corp presentation update september
Fm corp presentation update septemberFm corp presentation update september
Fm corp presentation update septemberForbesandManhattan
 
Forbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate PresentationForbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate PresentationForbesandManhattan
 

En vedette (20)

F&M Corporate Presentation
F&M Corporate PresentationF&M Corporate Presentation
F&M Corporate Presentation
 
20140211 bki corp_pres
20140211 bki corp_pres20140211 bki corp_pres
20140211 bki corp_pres
 
Fmc corporate presentationjune 2013
Fmc corporate presentationjune 2013Fmc corporate presentationjune 2013
Fmc corporate presentationjune 2013
 
Corporate Presentation 2017
Corporate Presentation 2017Corporate Presentation 2017
Corporate Presentation 2017
 
F&M Corporate Presentation
F&M Corporate PresentationF&M Corporate Presentation
F&M Corporate Presentation
 
Corporate Presentation August 2014
Corporate Presentation August 2014Corporate Presentation August 2014
Corporate Presentation August 2014
 
20140603 bki corp_pres
20140603 bki corp_pres20140603 bki corp_pres
20140603 bki corp_pres
 
20140203 bki corp_pres
20140203 bki corp_pres20140203 bki corp_pres
20140203 bki corp_pres
 
20140401 bki corp_pres
20140401 bki corp_pres20140401 bki corp_pres
20140401 bki corp_pres
 
F&M Corporate Presentation
F&M Corporate PresentationF&M Corporate Presentation
F&M Corporate Presentation
 
2015084 bki corp_pres
2015084 bki corp_pres2015084 bki corp_pres
2015084 bki corp_pres
 
Forbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate PresentationForbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate Presentation
 
F&M Corporate Presentation
F&M Corporate PresentationF&M Corporate Presentation
F&M Corporate Presentation
 
20140401 bki corp_pres
20140401 bki corp_pres20140401 bki corp_pres
20140401 bki corp_pres
 
Corporate Presentation November 2014
Corporate Presentation November 2014Corporate Presentation November 2014
Corporate Presentation November 2014
 
20140301 bki corp_pres
20140301 bki corp_pres20140301 bki corp_pres
20140301 bki corp_pres
 
FM Manhattan August 2014
FM Manhattan August 2014FM Manhattan August 2014
FM Manhattan August 2014
 
Black Iron 2016 Corporate Presentation
Black Iron 2016 Corporate PresentationBlack Iron 2016 Corporate Presentation
Black Iron 2016 Corporate Presentation
 
Fm corp presentation update september
Fm corp presentation update septemberFm corp presentation update september
Fm corp presentation update september
 
Forbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate PresentationForbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate Presentation
 

Similaire à F&M Corporate Presentation_June 2012

2019.02.12 probe metals presentation reformatted 16 9
2019.02.12 probe metals presentation reformatted 16 92019.02.12 probe metals presentation reformatted 16 9
2019.02.12 probe metals presentation reformatted 16 9Probe Gold
 
2019.03.28 probe metals presentation final
2019.03.28 probe metals presentation final2019.03.28 probe metals presentation final
2019.03.28 probe metals presentation finalProbe Gold
 
2019.03.28 probe metals presentation
2019.03.28 probe metals presentation2019.03.28 probe metals presentation
2019.03.28 probe metals presentationProbe Gold
 
2019.03.28 probe metals presentation reformatted 16 9
2019.03.28 probe metals presentation reformatted 16 92019.03.28 probe metals presentation reformatted 16 9
2019.03.28 probe metals presentation reformatted 16 9Probe Gold
 
2019.04.23 probe metals presentation
2019.04.23 probe metals presentation 2019.04.23 probe metals presentation
2019.04.23 probe metals presentation Probe Gold
 
2019.02.20 probe metals presentation reformatted 16 9
2019.02.20 probe metals presentation reformatted 16 92019.02.20 probe metals presentation reformatted 16 9
2019.02.20 probe metals presentation reformatted 16 9Probe Gold
 
2019.02.20 probe metals presentation reformatted 16 9
2019.02.20 probe metals presentation reformatted 16 92019.02.20 probe metals presentation reformatted 16 9
2019.02.20 probe metals presentation reformatted 16 9Probe Gold
 
Inp corporate presentation dec_2013
Inp corporate presentation dec_2013Inp corporate presentation dec_2013
Inp corporate presentation dec_2013inputcapital
 
2019.06.05 probe metals presentation
2019.06.05 probe metals presentation 2019.06.05 probe metals presentation
2019.06.05 probe metals presentation Probe Gold
 
TBLI CONFERENCE @BOOTH/KELLOGG 2015: "Creation Investments Social Venture Fun...
TBLI CONFERENCE @BOOTH/KELLOGG 2015: "Creation Investments Social Venture Fun...TBLI CONFERENCE @BOOTH/KELLOGG 2015: "Creation Investments Social Venture Fun...
TBLI CONFERENCE @BOOTH/KELLOGG 2015: "Creation Investments Social Venture Fun...stephanietbli
 
Is Permanent Capital Structure Right for Your Fund?
Is Permanent Capital Structure Right for Your Fund?Is Permanent Capital Structure Right for Your Fund?
Is Permanent Capital Structure Right for Your Fund?Winston & Strawn LLP
 
Probe metals-corporate-presentation-april-2015
Probe metals-corporate-presentation-april-2015Probe metals-corporate-presentation-april-2015
Probe metals-corporate-presentation-april-2015Adnet Communications
 
Probe metals-corporate-presentation-may-2015
Probe metals-corporate-presentation-may-2015Probe metals-corporate-presentation-may-2015
Probe metals-corporate-presentation-may-2015Adnet Communications
 
2015.03.20 probe-metals-presentation
2015.03.20 probe-metals-presentation2015.03.20 probe-metals-presentation
2015.03.20 probe-metals-presentationAdnet Communications
 
2015.04.09 probe-metals-presentation-final
2015.04.09 probe-metals-presentation-final2015.04.09 probe-metals-presentation-final
2015.04.09 probe-metals-presentation-finalAdnet Communications
 

Similaire à F&M Corporate Presentation_June 2012 (19)

August 31 2011
August 31 2011August 31 2011
August 31 2011
 
Investor Intro November 2011
Investor Intro November 2011Investor Intro November 2011
Investor Intro November 2011
 
Premier Alliance Group, Inc. (OTC.BB: PIMO), November 2011
Premier Alliance Group, Inc. (OTC.BB: PIMO), November 2011 Premier Alliance Group, Inc. (OTC.BB: PIMO), November 2011
Premier Alliance Group, Inc. (OTC.BB: PIMO), November 2011
 
Probe Metals
Probe MetalsProbe Metals
Probe Metals
 
2019.02.12 probe metals presentation reformatted 16 9
2019.02.12 probe metals presentation reformatted 16 92019.02.12 probe metals presentation reformatted 16 9
2019.02.12 probe metals presentation reformatted 16 9
 
2019.03.28 probe metals presentation final
2019.03.28 probe metals presentation final2019.03.28 probe metals presentation final
2019.03.28 probe metals presentation final
 
2019.03.28 probe metals presentation
2019.03.28 probe metals presentation2019.03.28 probe metals presentation
2019.03.28 probe metals presentation
 
2019.03.28 probe metals presentation reformatted 16 9
2019.03.28 probe metals presentation reformatted 16 92019.03.28 probe metals presentation reformatted 16 9
2019.03.28 probe metals presentation reformatted 16 9
 
2019.04.23 probe metals presentation
2019.04.23 probe metals presentation 2019.04.23 probe metals presentation
2019.04.23 probe metals presentation
 
2019.02.20 probe metals presentation reformatted 16 9
2019.02.20 probe metals presentation reformatted 16 92019.02.20 probe metals presentation reformatted 16 9
2019.02.20 probe metals presentation reformatted 16 9
 
2019.02.20 probe metals presentation reformatted 16 9
2019.02.20 probe metals presentation reformatted 16 92019.02.20 probe metals presentation reformatted 16 9
2019.02.20 probe metals presentation reformatted 16 9
 
Inp corporate presentation dec_2013
Inp corporate presentation dec_2013Inp corporate presentation dec_2013
Inp corporate presentation dec_2013
 
2019.06.05 probe metals presentation
2019.06.05 probe metals presentation 2019.06.05 probe metals presentation
2019.06.05 probe metals presentation
 
TBLI CONFERENCE @BOOTH/KELLOGG 2015: "Creation Investments Social Venture Fun...
TBLI CONFERENCE @BOOTH/KELLOGG 2015: "Creation Investments Social Venture Fun...TBLI CONFERENCE @BOOTH/KELLOGG 2015: "Creation Investments Social Venture Fun...
TBLI CONFERENCE @BOOTH/KELLOGG 2015: "Creation Investments Social Venture Fun...
 
Is Permanent Capital Structure Right for Your Fund?
Is Permanent Capital Structure Right for Your Fund?Is Permanent Capital Structure Right for Your Fund?
Is Permanent Capital Structure Right for Your Fund?
 
Probe metals-corporate-presentation-april-2015
Probe metals-corporate-presentation-april-2015Probe metals-corporate-presentation-april-2015
Probe metals-corporate-presentation-april-2015
 
Probe metals-corporate-presentation-may-2015
Probe metals-corporate-presentation-may-2015Probe metals-corporate-presentation-may-2015
Probe metals-corporate-presentation-may-2015
 
2015.03.20 probe-metals-presentation
2015.03.20 probe-metals-presentation2015.03.20 probe-metals-presentation
2015.03.20 probe-metals-presentation
 
2015.04.09 probe-metals-presentation-final
2015.04.09 probe-metals-presentation-final2015.04.09 probe-metals-presentation-final
2015.04.09 probe-metals-presentation-final
 

Plus de ForbesandManhattan

Fm corp presentation update september
Fm corp presentation update septemberFm corp presentation update september
Fm corp presentation update septemberForbesandManhattan
 
Forbes & Manhattan Corporate Presentation - January 2015
Forbes & Manhattan Corporate Presentation - January 2015Forbes & Manhattan Corporate Presentation - January 2015
Forbes & Manhattan Corporate Presentation - January 2015ForbesandManhattan
 
Forbes & Manhattan August 2014
Forbes & Manhattan August 2014Forbes & Manhattan August 2014
Forbes & Manhattan August 2014ForbesandManhattan
 
Forbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate PresentationForbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate PresentationForbesandManhattan
 
F&M corporate presentation March 2014
F&M corporate presentation March 2014F&M corporate presentation March 2014
F&M corporate presentation March 2014ForbesandManhattan
 
Corporate Presentation August 2013
Corporate Presentation August 2013Corporate Presentation August 2013
Corporate Presentation August 2013ForbesandManhattan
 
F&M Corporate Presentation June 2013
F&M Corporate Presentation June 2013F&M Corporate Presentation June 2013
F&M Corporate Presentation June 2013ForbesandManhattan
 
F&M Corporate Presentation May 2013
F&M Corporate Presentation May 2013F&M Corporate Presentation May 2013
F&M Corporate Presentation May 2013ForbesandManhattan
 
Forbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate PresentationForbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate PresentationForbesandManhattan
 

Plus de ForbesandManhattan (20)

Fm corp presentation update september
Fm corp presentation update septemberFm corp presentation update september
Fm corp presentation update september
 
Forbes & Manhattan Corporate Presentation - January 2015
Forbes & Manhattan Corporate Presentation - January 2015Forbes & Manhattan Corporate Presentation - January 2015
Forbes & Manhattan Corporate Presentation - January 2015
 
F&M Corporate Presentation
F&M Corporate PresentationF&M Corporate Presentation
F&M Corporate Presentation
 
Forbes & Manhattan August 2014
Forbes & Manhattan August 2014Forbes & Manhattan August 2014
Forbes & Manhattan August 2014
 
FM Presentation
FM Presentation FM Presentation
FM Presentation
 
Forbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate PresentationForbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate Presentation
 
F&M corporate presentation March 2014
F&M corporate presentation March 2014F&M corporate presentation March 2014
F&M corporate presentation March 2014
 
F&M Corporate Presentation
F&M Corporate PresentationF&M Corporate Presentation
F&M Corporate Presentation
 
F&M Corporate Presentation
F&M Corporate PresentationF&M Corporate Presentation
F&M Corporate Presentation
 
F&M Corporate Presentation
F&M Corporate PresentationF&M Corporate Presentation
F&M Corporate Presentation
 
F&M Corporate Presentation
F&M Corporate PresentationF&M Corporate Presentation
F&M Corporate Presentation
 
Corporate Presentation August 2013
Corporate Presentation August 2013Corporate Presentation August 2013
Corporate Presentation August 2013
 
F&M Corporate Presentation
F&M Corporate PresentationF&M Corporate Presentation
F&M Corporate Presentation
 
F&M Corporate Presentation June 2013
F&M Corporate Presentation June 2013F&M Corporate Presentation June 2013
F&M Corporate Presentation June 2013
 
Forbes may 2013
Forbes may 2013 Forbes may 2013
Forbes may 2013
 
F&M Corporate Presentation May 2013
F&M Corporate Presentation May 2013F&M Corporate Presentation May 2013
F&M Corporate Presentation May 2013
 
F&M Corporate Presentation
F&M Corporate PresentationF&M Corporate Presentation
F&M Corporate Presentation
 
F&M Corporate Presentation
F&M Corporate PresentationF&M Corporate Presentation
F&M Corporate Presentation
 
Forbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate PresentationForbes & Manhattan Corporate Presentation
Forbes & Manhattan Corporate Presentation
 
F&M Presentation
F&M PresentationF&M Presentation
F&M Presentation
 

Dernier

Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingWork and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingHenry Tapper
 
2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation2024.03 Strategic Resources Presentation
2024.03 Strategic Resources PresentationAdnet Communications
 
Zakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAM
Zakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAMZakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAM
Zakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAMFaisal834049
 
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxPrecize Formely Leadoff
 
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...mwangimwangi222
 
Stock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfStock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfMichael Silva
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.Arifa Saeed
 
Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Commonwealth
 
The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?Stephen Perrenod
 
Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Guillaume Ⓥ Sarlat
 
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.KumarJayaraman3
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent PreferencesGRAPE
 
CLMV-Outlook-March-2024-ENG-20240327.pdf
CLMV-Outlook-March-2024-ENG-20240327.pdfCLMV-Outlook-March-2024-ENG-20240327.pdf
CLMV-Outlook-March-2024-ENG-20240327.pdfSCBEICSCB
 
The CBR Covered Bond Investor Roundtable 2024
The CBR Covered Bond Investor Roundtable 2024The CBR Covered Bond Investor Roundtable 2024
The CBR Covered Bond Investor Roundtable 2024Neil Day
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI360factors
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023SkillCircle
 
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismBrian Lin
 

Dernier (20)

Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingWork and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB funding
 
2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation
 
Zakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAM
Zakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAMZakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAM
Zakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAM
 
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptx
 
E-levy and Merchant Payment Exemption in Ghana
E-levy and Merchant Payment Exemption in GhanaE-levy and Merchant Payment Exemption in Ghana
E-levy and Merchant Payment Exemption in Ghana
 
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
 
Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024
 
Stock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfStock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdf
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.
 
Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]
 
The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?
 
Mobile Money Taxes: Knowledge, Perceptions and Politics: The Case of Ghana
Mobile Money Taxes: Knowledge, Perceptions and Politics: The Case of GhanaMobile Money Taxes: Knowledge, Perceptions and Politics: The Case of Ghana
Mobile Money Taxes: Knowledge, Perceptions and Politics: The Case of Ghana
 
Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024
 
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent Preferences
 
CLMV-Outlook-March-2024-ENG-20240327.pdf
CLMV-Outlook-March-2024-ENG-20240327.pdfCLMV-Outlook-March-2024-ENG-20240327.pdf
CLMV-Outlook-March-2024-ENG-20240327.pdf
 
The CBR Covered Bond Investor Roundtable 2024
The CBR Covered Bond Investor Roundtable 2024The CBR Covered Bond Investor Roundtable 2024
The CBR Covered Bond Investor Roundtable 2024
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023
 
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
 

F&M Corporate Presentation_June 2012

  • 1. A Premier Merchant Bank Focused on Building Resource Companies www.forbesmanhattan.com June 2012
  • 2. Cautionary Note Regarding Forward Looking Statements All statements, other than statements of historical fact, contained in this presentation constitute “forward-looking statements” and are based on the reasonable expectations, estimates and projections of the Company as of the date of this presentation. Forward-looking statements include, without limitation, possible events, trends and opportunities and statements with respect to possible events, trends and opportunities, including with respect to, among other things, global market trends, expected industry demands, the Company’s business strategy and investment criteria, the nature of potential business acquisitions, costs and timing of business acquisitions, capital expenditures, successful development of potential acquisitions, currency fluctuations, government regulation and environmental regulation. The words “plans,” “expects,” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “does not anticipate,” or “believes,” or variations of such words and phrases or statements that certain actions, events or results “may,” “could,” “would,” “might,” or “will be taken,”“occur” or “be achieved” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions contained in this presentation, which may prove to be incorrect, include, but are not limited to, the various assumptions of the company set forth herein. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to fluctuations in global supply and demand, changes in competitive pressures, including pricing pressures, timing and amount of capital expenditures, changes in capital markets and corresponding effects on the company’s investments, changes in currency and exchange rates, unexpected geological or environmental conditions, changes in and the effects of government legislation, taxation, controls and regulations and political or economic developments in jurisdictions in which the Company carries on its business or expects to do business, success in retaining or recruiting officers and directors for the future success of the Company’s business; officers and directors allocating their time to other ventures; success in obtaining any required financing; develop an acquired business; employee relations, and risks associated with obtaining any necessary licences or permits. Many of these uncertainties and contingencies can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. These factors are not intended to represent a complete list of the factors that could affect the Company. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements. 2
  • 3. Company Overview Our Business Model Our Delivered Results 3
  • 4. Overview Leading Private Merchant Bank Focused on the Natural Resources Sector Successful track record of identifying high quality assets and advancing them from discovery through to production World-class, multi-disciplined team of professionals Access to timely capital We finance natural resource companies from early-stage to exploration to development 4
  • 5. Overview Fast time to close Immediate access to capital enables swift closings Integrated leadership Direct involvement at the management, board and technical levels Extensive investment banking / capital raising relationships Our network spans leading institutional and private equity funds, investment banks and retail brokers across the globe Headquartered in Toronto, Canada With offices, operations and assets worldwide 5
  • 6. What We Bring Integrated Team Built on Technical and Operational Expertise and Accomplished Financial Markets Professionals Stan Bharti Founder and Advisory Executive Chairman Board Technical Legal Financial Admin / Team Team Team Accounting • Over 50 engineers • 8 full-time • Over 30 people • Over 20 • Over 50 geologists securities with expertise in accounting and lawyers and – M&A administration • Expertise in all support staff – Investment banking staff mining, energy and – Corporate Finance agriculture products – Corporate Development – Investor relations 6
  • 7. Who We Are Executive Committee Stan Bharti, P.Eng, Founder, Executive Chairman and CEO Internationally educated as a professional mining engineer, Mr. Bharti has over 30 years of experience in operations, public markets and finance. He has been instrumental in acquiring, restructuring and financing numerous mining assets worldwide generating billions in market capitalization. Mr. Bharti is bottom line driven with an enormous capacity to manage multiple complex transactions. Chief Operating Officer - Scott Moore Agriculture David Argyle Legal Pat Gleeson Corporate Finance Fred Leigh Mining Mark Eaton Investments David Stein Oil & Gas Ahmed Said 7
  • 8. International Advisory Board General John Abizaid, U.S. Army (Ret.) Served for 34 years in U.S. military; was Commander of US Central Command from 2003-2007 Peter Boot, South America 25 years financial markets experience; 15 years with ING Group in Brazil, Curacao, Venezuela, Paraguay and Bolivia General Jay Garner, U.S. Army (Ret.) Served for 35 years in the U.S. military; Command of Air Missile Defense Units during the Gulf War General Ron Hite, U.S. Army (Ret.) Served 33 years in the U.S. military; Senior Military Advisor to the Army Chief of Staff Larry King, U.S.A. American icon; Former Host of CNN’s Larry King Live General Lewis MacKenzie, Canadian Army (Ret.) Served in the Canadian Forces for 35 years; led the UN peacekeeping mission in Sarajevo 8
  • 9. International Advisory Board (con’t) Hon. Pierre Pettigrew, Canada Served as Canadian Federal Minister of Foreign Affairs and Minister of International Trade Jim Rogers Author, financial commentator and successful international investor. James Rooney Investment and Infrastructure development expert; Established and cultivated new businesses General Sir Michael Rose, British Army (Ret.) Highly decorated former SAS Commander for the British Army Bernard Wilson Corporate Finance and Investment Banking advisor with substantial experience in financial restructurings 9
  • 10. The F&M Group at a Glance Market Capitalization of F&M Group Companies* >$8B Employees & Consultants >200 Group Companies >40 Total Funds Raised by Group Companies in last 4 Years >$5B Number of Resource Projects in F&M Group >90 Number of Producing Assets in F&M Group 7 Number of Countries F&M Group has Projects 30 * Includes historical successes 10
  • 11. The F&M Group At A Glance Forbes & Manhattan Forbes METALS & MINING GROUP * Forbes Forbes Forbes Forbes Forbes BASE & PRECIOUS SPECIALTY AGRICULTURE ENERGY FINANCIAL METALS GROUP METALS GROUP GROUP GROUP GROUP * Larger companies are highlighted 11
  • 12. Company Overview Our Business Model Our Delivered Results 12
  • 13. About Forbes & Manhattan Asset Builders, Not Stock Traders • Technical specialists with a track record of identifying superior, undeveloped or under-developed assets • Experienced financial, legal and back office teams to support assets at all stages from concept to production International Network • Global network of technical specialists to identify high quality projects • International network of investors • Track record of securing off-take agreements and long-term project financing Results • Ability to raise capital to develop projects on time and on budget resulting in superior returns 13
  • 14. Our Business Model A clear focus: “stick to the knitting” we focus on what we know best Disciplined investment and technical approach clear criteria Deliver excellent returns Build assets strong active management 14
  • 15. A Clear Focus Resource Companies Are Our Core Business >40 companies with assets in 30 countries Full range of resource investments: precious metals, energy, fertilizer, bulk commodities Corporate Headquarters Regional Offices 15
  • 16. Disciplined Investment Approach We Know What We Are Looking For Exceptional assets Significant growth potential Strong local and political relationships Ability to build assets Potential exit in 3-6 years 16
  • 17. Build Assets We are NOT traders… We BUILD Assets 17
  • 18. Forbes’ Vision VISION To use technical and operational excellence to source and develop mineral, energy and agriculture projects that have high potential for value growth To couple capital with technical and operational expertise for high quality resource projects in order to to create shareholder wealth TECHNICAL & QUALITY PROJECTS + OPERATIONAL + CAPITAL SKILLS 18
  • 19. Deliver Excellent Returns… HISTORY >$7.00 $17.25 $7.00 $0.20 $0.22 $0.86 CURRENT Cost Sale Exit Cost Sale Exit Cost IPO Exit • 3400% return in 4 yrs • >7700% return • 715% return in 2 yrs • Sold to Yamana Gold • Sold to Cliffs Natural for $735M Resources for $4.9B • Market cap $1.5B >$0.51 >$2.17 A$.21 >$1.13 >$.1.14 $0.22 $1.00 A$0.15 $0.35 $0.25 Cost Market Cost Market Cost Market Cost Market Cost Market (Oct ‘07) (June ‘12) (Jan ‘10) (June‘12) (Jun ‘10) (June ‘12) (Apr ‘08) (June ‘12) (Mar ‘10) (June‘12) • 138% return • 117% return • 40% return • 223% return • 356% return • Market cap $226M • Market cap $217M • Market Cap A$22M • Market cap $275M • Market Cap $240M 19
  • 20. In Summary What Sets Forbes & Manhattan Apart • Extensive Network • Political leaders, industry experts, strong technical and developmental team, financial experts, high net-worth individuals and institutional investors • Ability to attract financing on a large scale and secure international off-take agreements • Proven Business Model • First class team of specialists take projects from concept to operating success. Model has been replicated numerous times • Excellent Results • Secure assets, capital and develop projects to realize superior returns on investment 20
  • 21. List of Companies by Commodity Precious Metals Group Company Name Primary Country Main Market Cap of Operations Product(s) (Recent) Alexis Minerals Corp Canada Gold $18M Apogee Silver Ltd Bolivia Silver $24M Avion Gold Corp Mali / Burkina Faso Gold $226M Belo Sun Mining Corp Brazil Gold $240M Castillian Resources Corp Canada Gold $13M Crocodile Gold Corp Australia Gold $152M East Asia Minerals Indonesia Gold $32M Goldstream Exploration Canada Gold Private Legacy Platinum South Africa Platinum Private Silver Bear Resources Inc Russia Silver $17M Sulliden Gold Corp Peru Gold $275M Windamere Argentina Gold Private 21
  • 22. List of Companies by Commodity Base Metals Group Company Name Primary Country Main Market Cap of Operations Product(s) (Recent) Alder Resources Ltd Nicaragua Copper/Gold $ 7M Bell Copper Corp U.S.A. / Mexico Copper $3M Copper One Inc Canada / U.S.A. Copper $11M Excelsior Mining Corp U.S.A Copper $15M 22
  • 23. List of Companies by Commodity Specialty Metals Group Company Name Primary Country Main Product(s) Market Cap of Operations (Recent) Alderon Resource Corp Canada Iron Ore $217M Black Iron Inc Ukraine Iron Ore $39M Cap-Ex Ventures Ltd Canada Iron Ore $25M Consolidated Thompson $4,900M Canada Iron Ore Iron Mines Ltd (Sold May’11) Golden Star Canada Chromite Private Mason Graphite Canada Graphite Private Ridgemont Iron Ore Canada Iron Ore $19M Rodinia Lithium Inc U.S.A./ Argentina Lithium $14M 23
  • 24. List of Companies by Commodity Agriculture Group Company Name Primary Country Main Product(s) Market Cap of Operations (Recent) Aguia Resources Ltd Brazil Phosphate A$22M Allana Potash Corp Ethiopia Potash $140M Brazil Ecoethanol LLC Brazil Sugar / Ethanol Private Brazil Potash Ltd Brazil Potash Private (Market Cap $150M) Bio-solid Earth Renew Corp Canada Private remediation Timberlands / Forbes Timber Private Harvestry 24
  • 25. List of Companies by Commodity Energy Group Company Name Primary Country Main Product(s) Market Cap of Operations (Recent) Brookwater Ventures Brazil Oil & Gas $14M Crosshair Energy Canada Uranium / Vanadium $22M Group Exile Resources Inc Africa Oil & Gas $7M Forbes Coal Corp South Africa Coal $43M Irati Energy Ltd Brazil Oil Shale Private Longford Energy Kurdistan (Iraq) Oil & Gas $21M Sagres Energy Inc Colombia Oil & Gas $7M Stetson Oil & Gas Ltd USA Oil & Gas $6M Vast Exploration Inc Kurdistan (Iraq) Oil & Gas $8M 25
  • 26. List of Companies by Commodity Financial Group Company Name Primary Country Main Product(s) Market Cap of Operations (Recent) Aberdeen International Inc Global Resource Investments $38M Rare Earth Dacha Strategic Metals Inc Asia $28M Investments F&M Capital Management Global Resource Investments Private 26
  • 27. Contact Information Corporate Headquarters 65 Queen Street West Tel: +1 (416) 861-1685 Suite 805, P.O. Box 71 Fax: +1 (416) 861-8165 Toronto, Ontario, Canada M5H 2M5 info@forbesmanhattan.com If you wish to submit or discuss a specific idea, please submit your company information or business proposal to: bplans@forbesmanhattan.com 27
  • 28. Company Overview Our Business Model Our Delivered Results 28
  • 29. Case Study: Consolidated Thompson Founded Consolidated Thompson Iron Mines • World Class Iron Ore Project in Quebec • Built from exploration stage in 2005 through to production in 2010 • Completed scoping study, 3 feasibility studies, secured off-take and financing agreements with China. • Market cap when F&M got involved was $1 million; sale price market capitalization of $4.9 billion • Raised approximately $1 billion, including a strategic US$240 million investment from Wuhan Iron & Steel Co. (WISCO) 29
  • 30. Case Study: Consolidated Thompson Building Bloom Lake Iron Ore Mine Production: Q1 2010 30
  • 31. Case Study: Consolidated Thompson Value Realized: Acquired by Cleveland Cliffs Natural Resources Inc. for $4.9billion $17.25 • ~7,700% return over 4 years $0.22 31
  • 32. Case Study: Avion Gold Founded Avion Gold Corp • Acquired Tabakoto / Segala mine in Mali, West Africa mid-2008 from Nevsun Resources for US$ 20 million • Over US$150 million in infrastructure was invested by Nevsun: brand new mill, accommodations, roads and power facilities • Avion’s expert team turned around the operation and put the property back into production. We build value in struggling assets where others cannot – our technical team is one of the best in the world • 4.8 million ounce resource with significant exploration upside • Result: current market cap $412 million MALI BURKINA FASO 32
  • 33. Case Study: Avion Gold We Build Value Where Others Cannot Milling Facility – 96% Au recovery Fuel Supply – contracted Camp – houses 200 staff Power Supply – purchased 2008 33
  • 34. Case Study: Avion Gold Production Ramping Up Gold Production (000’s oz) Potential to double >$0.51 production ~100,000 oz $0.22 ~50,000 oz Cost Market (Oct ‘07) (June‘12) • 138% return • Market cap $226M 2009 2011 Future 34
  • 35. Case Study: Alderon Iron Ore Founded Alderson Iron Ore in March 2010 • World class iron ore project in the heart of the Labrador Trough, Canada’s Premier Iron ore District • Kami Property consisted of three map-staked licenses at the time of acquisition (March 2010) • Completed 2 NI 43-101 mineral resource estimates, a PEA, secured a strategic partner and a major off-take agreement within two years of acquiring the asset 35
  • 36. Case Study: Alderon Iron Ore • Initial seed financing was $15 million at $0.15 per share and at current market capitalization (excluding recent off-take deal) is $217 million • Hebei Iron & Steel Group has committed $414 million to fund Kami’s development by way of equity, project financing and off-take • Excluding the recent Hebei deal, Alderon has completed all of its milestones on $96 million in financings 36