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Wellgreen Platinum (WG.V or WGPLF) has done a complete restructuring with a new top notch management team, stronger shareholder base and a name change. This could help the company attract larger institutions looking to gain exposure to the platinum and palladium market with a higher quality junior miner.
There are very few high quality junior PGM developers focussed in North America in a political supportive jurisdiction and with reasonable infrastructure. The company's experienced technical team is developing a new model which hit one of the best drill holes ever intercepted on the property in late 2013.
Management believes there is a higher grade zone on the Far East Zone that they are currently following and exploring. Some of these advancements will be incorporated into an updated Preliminary Economic Assessment set to be released in the second quarter of this year.
This PEA is focusing on the higher grade zones and less costly open pit capability. This company could gain some major attention or be bought out as they get closer to the release of this study and as the PGM market heats up. Remember Wellgreen (WG.V or WGPLF) has over 7 million ounces of PGM and gold, 2 billion pounds of nickel and copper. Nickel and copper are two industrial metals to own that are rebounding on increased resource nationalism fears from Indonesia and the Philippines. A rising nickel and copper price could really improve the economics on Wellgreen (WG.V or WGPLF).
Disclosure: Author owns WG and company is a website sponsor.
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