(Editors' Note: Wellgreen Platinum trades under the symbol WG.V on the TSXV with average daily volume of ~$40,000 CAD)
Wellgreen Platinum: (OTCQX:WGPLF) (WG.V) Our 5-month investigation concludes that Wellgreen has the best Risk vs. Reward within the Platinum/Palladium sector:
- Platinum/palladium supply remains at a significant deficit. ETF demand doubled in 2013.
- Wellgreen Platinum holds one of the largest PGM deposits in the world; the Canadian location is ideally situated for off-take shipment to Asian smelters.
- 93% of global Platinum supply (83% of Palladium) comes from Russia, South Africa or Zimbabwe. High risk of supply shock. Labor unrest growing.
- Recent Indonesia action banning export of unprocessed minerals will lead to an estimated 234,000 tonnes of unused capacity,
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