TICKER: GWG:TSX.V; GWMGF:OTCQX
Great Western Minerals Group Ltd. is engaged in becoming an integrated rare earth producer. The company currently produces specialty alloys that are used in the aerospace, automobile, computer and high-tech industries. Produced at the company's wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K., and Great Western Technologies Inc. in Troy, Michigan, these alloys contain iron, nickel, cobalt and rare earth elements. As part of its vertical integration strategy, Great Western also holds 100% equity ownership in Rare Earth Extraction Co. Ltd., which owns a 74% equity interest in the Steenkampskraal mine in South Africa.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Jon Hykawy, Byron Capital Markets
"Great Western Minerals Group Ltd. released its Q1/13 financial results. . .the message is simple: Great Western must get Steenkampskraal into production as soon as possible; that will likely bring higher order volume, boosting revenue, as well as margins. Our target price remains $2 and our rating remains Strong Buy. . .we are fully aware that the company will require additional equity to complete its production build; however, we believe that the earnings potential of Great Western makes attracting that investment easier than market conditions would suggest. . .we believe the risk is worth taking."
Adam Currie, Rare Earth Investing News
"Although the first quarter of 2013 was challenging for the rare earth sector as a whole, there have been some notable developments. . .Great Western Minerals Group Ltd. released a PEA for its Steenkampskraal REE project that indicates strong potential for its integrated business model. Project highlights include a $555M after-tax NPV when applying a 10% discount rate, a 28% South African corporate tax rate and a 66% after-tax internal rate of return. "
The Metals Report Interview with Chris Berry
"Great Western Minerals Group Ltd. is awaiting the receipt of a second strip-casting furnace that will increase alloy output and add to the revenue stream. This is a welcome step in the company's plan to establish an integrated REE supply chain outside of China. With newly installed management, the next catalyst will be a PEA on Steenkampskraal the market has been waiting for."
Jon Hykawy, Byron Capital Markets
"Great Western Minerals Group Ltd. remains our rare earth junior Top Pick. . .Steenkampskraal is easily the richest deposit of rare earths on earth, mined ton compared to mined ton. Our recommendation remains Strong Buy."
Deborah Bacal, Proactive Investors
"Great Western Minerals Group Ltd. has taken another crucial step toward derisking its Steenkampskraal rare earth mine in South Africa, announcing a strong PEA of the project with an internal rate of return of 66% after tax. . .the payback period, on an after-tax basis, was projected at 4.3 years, from the start of underground mining production, with a potential mine life of 11 years."
Great Western Minerals Group Ltd. Content
a Video about Less Common Metals Limited, the Rare Earth Refining Division of GWG
an Interview with GWG CEO Marc LeViera from RareEarthInvestingNews.com
GWG's Corporate Videos
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