Monday, September 1, 2014
Wilton
Wilton: may be considered the third gold mining play on SGX
Wilton (formerly Hartawan) is a gold mining company operating the Cinemas Gold Project in West Java, Indonesia.
The mine is estimated to contain 557,300 oz of proved and probable gold reserves at an average grade of 7.1 grams per tonne (g/t) as of Sep '13. The company is expected to receive updated resource estimates and mine plans from its consultants by the end of 1QFY15 (end Sep '14).
Barring unforeseen circumstances, Voyage believes the company could go into initial production in mid or late 2015.
The house rates the stock as a Convincing Gem with TP $0.176
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