DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/f2dvhk/volta_resources) has announced the addition of the "Volta Resources - does Kiaka Gold Project work? Yes it does." report to their offering.
Volta Resources is a gold exploration and development company with projects located in West Africa. The company's shares are listed on the TSX under the symbol VTR.
Randgold still maintains a 4% interest in Volta Resources. Kiaka was sold to Volta because in Randgold's portfolio of assets, projects that didn't meet the very conservative Randgold criteria (3 Moz of gold and an IRR in excess of 20% at gold price of US$ 650/oz) were disposed off. Randgold sold Kiaka to Volta for C$4 MM in cash and 20 MM shares of Volta in November 2009, as Volta was its partner of choice for West Africa.
Randgold currently has an approximately 5.5 MM shares of Volta Resources. The Kiaka Gold Project has a NI 43-101 compliant reserve of 3.9 Moz of gold. Volta expects to complete a feasibility study in Q2'13.
Mine2Capital Price Target of C$ 3.00 per share for VTR is based on Volta shares trading at 1.0x their estimated net asset value of C$ 3.02/share. Their discounted cash flow model only includes the Kiaka Gold. Mine2Capital have ascribed a C$ 83.2 MM value for the Gaoua Copper and Gold Project based on value in the ground methodology. Mine2Capital have assigned US$ 0.30/lb of copper for the 724.9 Mlbs of copper at Gaoua and US$ 10/oz for the 1.07 Moz gold at the project.
Key Topics Covered:
Investment Thesis
Investment Positives
Investment Risks
Near-Term Catalysts
Corporate Overview
Projects
Kiaka, Burkina Faso - The Crown Jewel
Other Exploration-Stage Projects
Regional Geology And Mineralization
Titao Gold Project, Burkina Faso
Nassara Gold Project, Burkina Faso
Volta Projects In Ghana
Share Capitalization
Management And Board
Companies Mentioned:
- IAMGOLD
- ANDINA
- KEEGAN REOURCES
- SEABRIDGE GOLD
- SANDSPRING
- INTERNATIONAL TOWERHILL
- ECO ORO
- CHESAPEAKE GOLD
- GREAT BASIN GOLD
- OREZONE
- RAINY RIVER
- GABRIEL
- OROMIN EXPLORATION
- ROMARCO
- TOREX
- PERSEUS MINING
- PRETIUM
For more information visit http://www.researchandmarkets.com/research/f2dvhk/volta_resources