Link to that Breakaway research report for anyone new to this stock (or go to GTE website)
https://breakawayresearch.worldsecuresystems.com/_literature_138217/Great_Western_Exploration_Limited_-_June_Update_2013
Meanwhile this may help with next year's decision on gold stockpiles JV. (BTW Bank of America Merrill Lynch went long on gold this week http://www.marketwatch.com/story/bank-of-america-merrill-lynch-goes-long-on-gold-2013-11-05 , with US set to raise debt ceiling for 18th time in 20 years...)
http://www.mineweb.com/mineweb/content/en//mineweb-fast-news?oid=215927&sn=Detail
Kazakhstan says on track to open third gold refinery by year-end
The new plant which will be run by the country's state-owned miner, Tau-Ken Samruk, will have a refining capacity of 25 tonnes of gold a year, officials have said previously.
Author: Reuters
Posted: Wednesday , 06 Nov 2013
ASTANA (REUTERS) -
Kazakhstan is on track to open its third gold refinery by the end of this year, its industry minister said on Wednesday, as it attempts to keep up with plans to boost production of the precious metal.
Kazakhstan, Central Asia's largest economy, produces more gold than it can refine. Production for 2013 is expected to be up by 15 percent, year-on-year, to 46 tonnes - of which 26 tonnes would be refined in the country and bought by the central bank, Industry and New Technologies Minister Aset Isekeshev added.
"The rest is to be exported, because we don't have capacity ... to refine," Isekeshev told reporters in Astana.
The new plant, run by state-owned mining company Tau-Ken Samruk, will have a refining capacity of 25 tonnes of gold a year, officials have said previously, which could allow it to refine all the gold it produces.
The officials did not say when the plant would reach target capacity.
Kazakhstan plans to increase gold production to 70 tonnes by 2015. It refined 16.9 tonnes of gold during the first nine months of 2013, official data shows. (Reporting by Raushan Nurshayeva; Writing by Polina Devitt; Editing by Pravin Char)
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