Analyst Research Report Snapshot

Title:

WITS GOLD - DBM ON FAST TRACK

Price:

$10.00

Provider:

Edison Investment Research

Date:

19 Sep 2011

Pages:

12

Type:

AcrobatPDF

Companies referenced:

WGRJ.J GDO.AX GGMJ.J

Available for Immediate Download
Summary:

Following the rise in the gold price and the imminent acquisition of Merriespruit South, Witwatersrand Cons. Gold Resources (Wits Gold) is now on track to commence gold production by mid-2016 at De Bron-Merriespruit (DBM) and by 2019 at Bloemhoek. A total production of 2.9Moz Au and 2.7Mlbs U3O8 (Edison’s estimate) is initially projected from DBM over 25 years (ignoring any use of the inferred resources of 4.2Moz Au). At Bloemhoek the technical report of 2009 by Turnberry Projects looks for production of over 5Moz Au, and Edison estimates 5.8Mlbs U3O8 production over 23 years.

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