Tamesis Partners initiates coverage on Australian WIA Gold with a price target of A$0.40. The Kokoseb gold deposit in Namibia is viewed as a promising asset with potential for significant returns. Upcoming feasibility studies aim to position the company for gold production by late 2028 or early 2029, with share prices already reflecting increased investor interest.
Tamesis Partners has commenced coverage on WIA Gold, an Australian company, placing a price target of A$0.40 on its stock. Analysts emphasize that WIA’s Kokoseb gold deposit in Namibia represents a compelling investment opportunity amid the current peak in gold prices. They highlight this project as having significant potential to be recognized as the leading gold discovery in Namibia.
The roadmap ahead for WIA involves conducting a scoping study within the current year, after which the company is anticipated to proceed directly to a Definitive Feasibility Study (DFS) and Final Investment Decision (FID). The timeline indicates that first gold production may occur by late 2028 or early 2029. On a recent note, WIA Gold’s stock rose by 9.4% on Wednesday, closing at A$0.175, and it has experienced an over 20% increase year-to-date.
Tamesis Partners has identified WIA Gold’s project in Namibia as a promising investment amid favorable gold market conditions. The strategic steps planned by WIA, including upcoming feasibility studies, suggest a positive outlook, potentially leading to significant returns by late 2028 or early 2029. The market’s response to WIA’s developments has already demonstrated substantial growth in the company’s share price.
Original Source: www.tradingview.com
