WGR 10.3% 21.5¢ western gold resources limited.

Hidden Gem

  1. 394 Posts.
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    I thought I’ll put a brief summary on this company for the future potential investors. This stock doesn’t get discussed much which is very weird.
    Unbelievable value. Market cap around $10.5m and cash at hand after drilling let’s say $5M now. That gives it an Earning Value of $5.5m for a stock which has 297,000 Oz of gold at 2g/t 2012 jorc compliance. Goodness me. Sounds too good to be true.
    Recent drilling at Golden duke project confirms the continuity of high grade gold which is open along strike and at debt (emu and eagle prospects). Near surface high grade gold upto 48.95 grams per tonne inside 7m at 15.6 g/t from 48 meters.

    https://hotcopper.com.au/data/attachments/3594/3594395-51140659def292ce95105c72ab6500ce.jpg

    Now these are impressive results in anyones book.

    Currently Drilling at the Emu, Eagle and Comedy King prospects progressing well with over half of the 6000m RC program completed.
    And the best part is that drilling targeting the northern and southern extensions of the high-grade Eagle deposit (refer ASX Announcement 16 August 2021) completed with similar visual mineralised alteration to the previous drill campaign. Results for these drills are
    expected in mid October.
    This is just the basic summary. Anyone who has been following it for longer and would like to chip in please do so.
 
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Last
21.5¢
Change
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Mkt cap ! $17.49M
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19.5¢ 25.0¢ 19.5¢ $804.1K 3.499M

Buyers (Bids)

No. Vol. Price($)
6 409400 21.0¢
 

Sellers (Offers)

Price($) Vol. No.
21.5¢ 9281 1
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Last trade - 16.10pm 20/10/2021 (20 minute delay) ?
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Last
21.5¢
  Change
0.020 ( 10.3 %)
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20.0¢ 24.5¢ 20.0¢ 834814
Last updated 15.59pm 20/10/2021 (live) ?
WGR (ASX) Chart
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