WG:TSX
WGPLF:OTCPK

Wellgreen Platinum Ltd.

Wellgreen Platinum Ltd. is a Canadian mining exploration and development company focused on the active advancement of its 100%-owned Wellgreen PGM-nickel-copper project toward production. Located in Canada's Yukon Territory, the company has one of the largest undeveloped PGM deposits outside southern Africa or Russia. The property is accessed by paved highway leading to year-round deep sea ports in Haines and Skagway, Alaska.

Expert Comments:

Jay Taylor, Gold, Energy & Tech Stocks (2/27/15)
"Wellgreen Platinum Ltd., which is an advanced stage exploration company, has a considerable amount of platinum group metals, including palladium. However, platinum is more prominent than palladium in the polymetallic Wellgreen project in the Yukon. I still like that project and the company very much."

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/26/15)
"Wellgreen Platinum Ltd. has released its long-awaited revised PEA for the Wellgreen PGM-nickel project. . .the numbers are quite encouraging. . .the good news is that Wellgreen is well funded, with about $10.5M cash, and is continuing to derisk the project with work on a prefeasibility study. Patience is the key, but this is a great project that will only become more valuable."

"Wellgreen Platinum Ltd. released a PEA for its Wellgreen project in the Yukon on Feb. 2. . .It is the largest and lowest-cost deposit in North America except for the Stillwater mine in the U.S. Wellgreen has an after-tax NPV of CA$1.2B and a 24.6% IRR. If Wellgreen were bought out at a similar level as Duluth, it would be triple its current value. Wellgreen's management has a proven track record. CEO Greg Johnson was the founder of NOVAGOLD, whose stock he took from around $0.50 to $22. Wellgreen could be his next big win. I think Wellgreen will bring in a major as a strategic partner in developing this huge asset, which could produce over 200 Koz of platinum and palladium per year, plus copper and 70M pounds of nickel per year." read more >

Peter Campbell, Mackie Research Capital (2/10/15)
"Wellgreen Platinum Ltd.'s new PEA incorporates the company's updated NI 43-101 resource estimate from July 2014. . .some of the more salient features of the updated PEA include: Initial mining commencing at an annual rate of 9.1 Mt/year milled (~25 Ktpd) increasing to 18.3 Mt/year milled (~50 Ktpd) after five years of initial production; Running a low-grade stockpile to be processed at the end of mine life; Utilizing liquefied natural gas for on-site power generation; Incorporating an opportunistic underground mining phase during years three to eight to capture some high-grade resources."

Matthew O'Keefe, Dundee Capital Markets (2/3/15)
"Updated preliminary economic assessment results for the Wellgreen Platinum Ltd. deposit were positive (base case internal rate of return 24.6%). The new phased approach begins with lower initial capital expenditure of CA$586M and targets higher grades in early years, which should increase cash flow and make the project more manageable in the current market. Expansions in years three and six should be funded with internal cash flow and would make the company the second largest platinum producer outside South Africa and Russia. Wellgreen is funded to advance toward feasibility with about CA$10M cash. . .Wellgreen continues to be attractively valued."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (2/2/15)
"Wellgreen Platinum Ltd. released an excellent PEA with an internal rate of return of 24.6%; this is one of the few mines that will get built despite the weakness in the metal price. It has a huge long-life resource, which is another attraction of this project; I am pleased with what I have seen."

More Comments

Experts Commenting on This Company


The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
 
Large Deposit with Low Mining Costs
 
Strong Infrastructure
 
Mining-Friendly Jurisdiction
Wellgreen Platinum Ltd. Content