WestMountain Index Advisor/Terra mining corp/


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WestMountain Index Advisor/Terra mining corp/

  1. 1. 1Corporate Presentation September 2011
  2. 2. Safe Harbor Statement 2“Safe Harbor” Statement under Private Securities Litigation Reform Act of 1995:Statements in this presentation regarding WMTN/ Terra Mining Corporation business, which are not historicalfacts, are "forward-looking statements" that involve risks and uncertainties and actual results and outcomesmay differ materially from the results and outcomes discussed in the forward-looking as a result of either thematters set forth or incorporated in this presentation. Specifically, the pro-forma financial summaries andbalance sheet are a possible projections of future results based on the WMTN/ Terra Mining Corporationbusiness plan. For a discussion of such risks and uncertainties, which could cause actual results to differfrom those contained in the forward-looking statements, see "Risk Factors" in the Companys most recentForm 10-Q and 10-K. Investors and prospective investors should read this presentation in conjunction withthe Companys reports on Form 10-K, Forms 10-Q, and other documents as filed with the Securities andExchange Commission. The Company undertakes no obligation to revise or update any forward-lookingstatements in order to reflect any event or circumstance that may arise after the date of this presentation.
  3. 3. Our Company 3
  4. 4. Management Team 4Greg Schifrin – Chief Executive Officer, President & Director Successful businessmen and professional geologist with 28 years of exploration and mining experience Founder and President Minex Exploration & Selkirk Environmental, President and Director Silver Verde May Mining Company, CEO Golden Eagle Mining, BSc in Geology & “Qualified Person”James Baughman – Chief Operating Officer & Director Geologist & business executive with 25 years of gold and uranium exploration and development experience Co-founder High Plains Uranium, led successful TSX IPO (2005); Director Big Bear Mining; BSc Geology & “Qualified Person”Mark Scott – Chief Financial Officer, Secretary Deep & varied executive experience in finance, capital markets, strategic planning and SEC reporting IA Global, Visualant, Digital Lightwave, CPA, National Association of Corporate DirectorsMike Lavigne – Director 30 Years experience in financing small caps Principal of Capital Peak Partners and CEO of Silver Verde miningKevin Cassidy-Director Managing Member and Founder of Logic International Consulting Former COO of Bank Julius Baer and Managing Director of UBS
  5. 5. Company Reach 5WestMountain Index Advisors, Inc. (WestMountain Gold) engages in theacquisition, exploration and development of gold properties. WestMountain has two wholly owned subsidiaries Terra Mining Corp (TMC) which engages in the acquisition of high quality gold projects Terra Gold Corp. (TGC) which is engaged in the exploration and development of the Terra Gold Project in Alaska
  6. 6. Terra “Bonanza Gold” Project 6Terra Project, Southwest AlaskaFocused on developing a high grade underground 30,000 ounce a yeargold operation with significant upside production potential. High grade vein structure Control 60 square miles of state claims No debt One million ounce growth potential
  7. 7. Project Background 7 Gold bearing veins first discovered and claimed by Kennecott in 1997 Ben Porterfield, a Kennecott geologist retain claims and artisanal mines vein from 2000-2010 Porterfield leases property to Anglo Gold Ashanti Exploration USA in 2005 for the first year drill program International Tower Hill Mines LTD (spin out from Anglo Gold) advances project 2006 and 2007 with drilling Terra Mining acquires project through LOI in 2/2010 and JV Agreement 9/2010 Total investment 2005-2007 was $6 million with 168,000 oz of gold and 310,000 oz of silver resources identified through the three seasons of drilling
  8. 8. Corporate Status – September 2011 8Shareholders Shares OwnershipShare OwnershipOutstanding WMTN shares 18,419,899Warrants 6,061,095Fully Diluted 24,480,994 100%
  9. 9. Why Terra? 9 Public company – WMTN as of February 28, 2011 Terra has 168,000 oz gold resource confirmed with 1,000,000 oz expected, subject to drilling Alaska is a mining friendly jurisdiction2011 FinancingTerra Mining Corp is seeking financing for operations of $13 million US.Use of Proceeds Terra Project $ 10,000,000 G&A $1,500,000 Project Generation $1,500,000
  10. 10. Valuation – Terra offers significant upside 10Terra’s pre-money valuation of approximately $16 million is conservative using levels farbelow current gold spot price of $1,500 per ounce. Management has significantlydiscounted the expected gold resources of 1,000,000 ounces.Inferred Gold 10% Au spot * 100% Au Spot Expected Gold 10% Au Spot* 100% Au SpotResource Resource168,000 Au $180 $1,800 1,000,000 Au $180 $1,800Value $30,240,000 $302,000,000 Value $180,000,000 $1,800,000,000 *Note-10% Gold Spot represents industry standard for inferred ounces of gold in ground; 100% Gold Spot represents recovered gold but value does not include operating and processing costs.
  11. 11. Terra financial pro forma – “Robust” 11 Operation Plans call for a conservative annual production of 30,000 ounce per year of gold in an underground mining operation at Terra when fully deployed, which equates to $30M per year in profits at full operation. The Company’s assumptions conform to the International Tower Hills (ITH) resource report dated 2/1/08. Item Assumption Item Assumption Gold Price per ounce $1,000 Recovery 95% Silver Price per ounce $20 Cash Costs $434 per ounce Mining rate per day 250 tons Capital Required $40 million-Secondary Financing Production per year 90,000 tons Terra Interest 80% Yearly gold production 33,000 ounces ITH Royalty 2% Yearly silver production 63,000 ounces Ben Porterfield Royalty 2% (Buydown 2%) Gold grade 0.390 ounce per ton Mine life 10 years
  12. 12. Terra JV Agreement 12Definitive JV Agreement between TMC & ITH. Joint Venture position: 80% TMC & 20% ITH TMC operator Cash Requirements of Terra Project • $450,000 option payments • $9,050,000 work commitments Royalty Payments • Ben Porterfield – 4% NSR (2% Buydown option)  $100,000 yearly advance royalty payment • ITH – sliding scale 0.5% - 5% reflective of gold price
  13. 13. 2011 Field Season Highlights 13 Expansion of Exploration Permit for Bulk Sample and Milling finalized May 2011 CoreOne Drillers commenced drilling July 2011 to expand resource base Bulk sample gold mill construction on site July 2011 Staffed with geologists, miners & mill workers Road Construction to Ben Vein Moved 111 tons of tailings with 1.5 opt AU
  14. 14. Road to Vein 14
  15. 15. Drilling 2011 15
  16. 16. Terra Location130 miles northwest of Anchorage in an emerging mining region. 16 Kiska’sWhistler (5.75M oz Au eq) is 35 miles east Millrock & Kennecott have properties near Terra
  17. 17. Terra Project site view 17
  18. 18. Terra Project 18 High grade gold veins with visible gold NI 43-101 compliant report (2010) 168,000 ounces gold inferred resource 310,000 ounces silver inferred resource Simple metallurgy – gravity concentration Vein open in two directions (depth & north) Five additional vein sets untested Veins widespread – 1.3 miles x 500 ft. Surface work program for 2010. Drill program planned for 2011
  19. 19. Ben Vein drilling results – Bonanza Vein System 19 N S Plan view of Ben Vein drilling – Long section of Ben Vein (looking east) – 2005, 2006, & 2007 open to north and at depth
  20. 20. Terra Upside – Additional gold targetsTerra has the potential to grow in size at the Ben Vein as well as additional discoveries 20 Claim block relatively unexplored 1,557 rock, soil, & silt existing samples Good inventory of prospecting sites Numerous gold targets Copper targets Personnel and equipment ready Detailed property geologic mapping Acquired State of Alaska 2008 geophysical data.
  21. 21. 21
  22. 22. Terra Upside – porphyry copper/gold countryGood exploration ground for bulk tonnage (Whislter/Pebble/Donlin) type targets 22 Numerous geochemical & geophysical targets Total Magnetic Airborne Survey 900 Hz Airborne EM 7200 Hz Airborne EM
  23. 23. Project Timelines 23Year 1: Exploration & Bulk Sampling Pilot Increase resource ounces Property wide exploration (porphyry target) Permitting work; baseline studies Mobilize small scale production equipment and initiate 25 tons per day seasonal operation Update technical report with drill results & resource estimate Secure additional gold projects in predetermined locationsYear 2: Exploration & Pre-Feasibility Continue drilling – expand resource at depth and along strike Ben Vein exploration adit/tunnel to develop underground access for drilling and development Engineering work Permitting work; baseline studies Initiate exploration and development at other locations.Year 3: Feasibility & Development Continue to scale up development and exploration
  24. 24. Contact Info 24 Terra Mining Corporation 120 E. Lake Street #401 Sandpoint, ID 83864 Corporate Info Greg Schifrin President & CEO Email: gschifrin@terraminingcorp.com Phone Number (208) 265-1717 Office (208) 290-1180 Cell
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