WIWTY Witwatersrand Cons Gold Resources featured news, full reports, and detailed charts
Witwatersrand Cons Gold Resources (WIWTY/WIWTY.PK) Wrap Up:
Witwatersrand Consolidated Gold Resources Limited explores for gold and uranium in the Witwatersrand Basin in South Africa. The company was incorporated in 2002 and is based in Johannesburg, South Africa.Witwatersrand Cons Gold Resources (WIWTY:OTC)
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Market Cap
34.1B
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Total Revenue
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EBITDA
17.8M
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DILUTED EPS TTM
0.09
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P/E
104,032.1x
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P/S
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Return On Asset
--
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Return On Equity
--
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WIWTY Top Compensated Officers
Executives, Board Directors
Key developments for Witwatersrand Cons Gold Resources (WIWTY)
Witwatersrand Consolidated Gold Resources Limited provided earnings guidance for the six months ended August 31, 2009. The company expects a basic and headline loss of between 10.30 cents per share and 12.55 cents per share. In the prior comparative period the company reported a basic and headline loss per share of 4.28 cents per share.
Witwatersrand Consolidated Gold Resources Limited announced that they will report first half, 2010 results on November 20, 2009.
Witwatersrand Consolidated Gold Resources Limited announced the results of an Independent Technical report on the company's gold and uranium resources in the Potchefstroom goldfield, South Africa. A National Instrument 43-101 report was compiled by Snowden Mining Industry Consultants and follows the granting of Prospecting Rights to include uranium with the previously awarded rights to gold over 53 250 hectares in the area between the town of Potchefstroom and the Carletonville goldfield. In addition to an Inferred Resource of 333.6Mt at 7.1g/t Au (75.8Moz), it is estimated that there also exists Inferred Resources of 250.0Mt at 0.30kg/t U3O8 (163.3Mlbs). These gold and uranium resources occur in the same conglomerate reefs and are SAMREC compliant, substantively similar to the definitions and standards of the Canadian Institute of Mining, Metallurgy and Petroleum. The gold resource is reported at a 300 cm.g/t gold cut-off for narrow reefs and 600 cm.g/t gold cut-off for the wider Cobble Reef to a maximum depth of 5,000 metres below surface. Uranium is reported where associated gold grades exceed cut-off. The comparatively smaller uranium resource tonnage is due to the fact that currently Wits Gold has only been awarded the rights to gold over the 9 804 hectare Potchefstroom Consolidation area. An application for uranium Variation Rights in this area is currently under consideration by the Department of Minerals and Energy. The company remains focused on Witwatersrand gold exploration with assets adjoining operating mines in the Potchefstroom, Klerksdorp and Free State goldfields. Wits Gold now has total Inferred Resources of 530.3Mt at 7.77g/t Au (131.8Moz) as well as Indicated Resources of 103.3Mt at 6.0g/t Au (19.9Moz). Within the same reefs, it is estimated that there is also an Inferred Resource of 461.1Mt at 0.27kg/t U3O8 (267.8Mlbs). The company's key project occurs at Bloemhoek in the southern Free State, where a recent pre-feasibility study has been completed. This study included mine design and scheduling and led to the conversion of part of the Indicated Resource containing 39.9Mt at 7.17g/t Au (9.2Moz) into a Probable Reserve of 31.6Mt at 5.34g/t (5.4Moz). An NI43-101 Technical Report on the Bloemhoek project is due to be filed on SEDAR before the end of October 2009.
WIWTY Competitors
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Industry Analysis
| Valuation | WIWTY | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | -- | Not Meaningful |
| Price/Book | 1,326.7x |
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| Price/Cash Flow | 96,654.8x |
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| TEV/Sales | -- | Not Meaningful |
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WIWTY transactions
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