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Wednesday, March 2, 2011

New Weatherly Investor presentation March 2011

Link to new Weatherly International (WTI) investor presentation (March 2011):

http://www.rns-pdf.londonstockexchange.com/rns/1215C_-2011-3-1.pdf

Production of copper is forecast to be 4200 tonnes in 2011 and 7900 in 2012 from the Matchless and Otjihase mines (see page page 21). This equates to $41.5 million this year (at $9900/tonne) and $78 million in 2012.

Blackrock confirmed with 16.7% stake in WTI.

In summary - strong revenue and profit growth, strong institutional support

(see previous summary http://contrarianinvestoruk.blogspot.com/2011/01/weatherly-international-namibian-copper.html)

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