Heiko Ihle: Back to Precious Metals Equity Investing Basicshttps://www.theaureport.com/pub/na/16471?utm_source=delivra&utm_medium=email&utm_campaign=Gold+final+1-26-15
TGR: Any others?
HI: There's also Wellgreen Platinum Ltd. (WG:TSX.V; WGPLF:OTCPK) in the Yukon. In our opinion, this is an interesting project. The Wellgreen project is still in the early stages of development. It is a big ore body that's close to surface. All in all, we could probably see production of nickel, copper and platinum at Wellgreen by 2018–2019. It's still in the early stages but that's why we're only assigning a 0.4 net asset value (NAV) multiple to the company. If you take the NAV of the deposit at face value it would be about $4.50/share. I like the management team. I've met with them a number of times. I like the story. I have a price target of $1.80/share on it.