The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
GWG: Steenkampskraal Mining Permit Granted
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JON HYKAWY, Byron Capital Markets
(06/03/2010)
On Track and On Time: Rareco, the owner of the Steenkampskraal monazite mine, has been granted new order mining rights by the Department of Mineral Resources of South Africa. This order allows Rareco and GWG, which has a 100% off-take option, to put Steenkampskraal back into production. Radioactives: As with many rare earth mines, Steenkampskraal's monazite sands contain significant quantities of thorium. Steenkampskraal already possesses the permits required to store thorium, so for this mine that issue is addressed and production can resume. . . .The Only One: Currently, GWG is the only company that has a near-term rare earth asset (something that can be brought to market within 24 months) that also has the capability to capture margin from every point in the value chain: mining, separation, purification, metallization and alloying. The rare earth industry can be incredibly lucrative, but assembling the expertise to capture value at every point in the chain is very difficult, yet with Rareco and Steenkampskraal, the expertise of Dr. Zhao and the proven abilities of the Less Common Metals and GWTI teams, GWG has that ability. We maintain our Speculative Buy recommendation as this is one of the highest-quality rare earth stories in the entire industry. |
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