Wellgreen Platinum Ltd. (OTCQX: WGPLF) (TSX-V: WG) is a Canadian mining exploration & development company focused on the acquisition and development of platinum group metals (PGM) projects in politically stable, mining-friendly jurisdictions. The Company is led by a highly-experienced management team with a track record of successful large scale project discovery, development, operation and financing. SNNLive spoke with Greg Johnson, President and CEO of Wellgreen Platinum at the New Orleans Investment Conference 2014.
“Wellgreen is a very exciting story, brand new team came in here in 2012. Over the last two years we’ve doubled our resource in platinum and palladium located in the Yukon and an open pit deposit to almost twenty million ounces, making it one of the largest undeveloped platinum palladium resources in the world,” begins Mr. Johnson. He adds, “This is quite unique, these kind of rocks, much like diamonds are very rare where they occur geologically and we happen to have one of the biggest deposits in the world located in a friendly mining jurisdiction like Yukon in Canada.”
Mr. Johnson believes that during this current bear market, “quality companies are holding their own and this is an excellent opportunity in the marketplace to buy attractive, high quality assets.” He enlightens how Wellgreen has already been accommodating economically since the downturn in metal prices, “For our projects, today’s metal prices work just fine. So we are using conservative metal price assumptions already in our economics, we don’t need higher metal prices to move forward, this project looks very robust.”
Mr. Johnson is very optimistic about 2015, when they would be moving into the pre-feasibility stage of the project. He explains that “80% of the acquisitions happen between pre-feasibility and feasibility and that’s where we’re going to be in the next two years. So actually from our team’s point of view, we think we’ve got a year or two to add as much value as we can for our shareholders and likely this is gonna be a target for the big companies to take over, either the platinum companies who are stuck in South Africa, Russia or the big base metal companies who look at the diversification of nickel, copper and platinum group metals as very attractive in a first-world jurisdiction like Canada.” For more information, check out their website: www.WellgreenPlatinum.com
© 2017 Stock News Now
Supported by Superior Web Solutions