In the last 9-12 months the share price has halved and number of shares on issue rocketed up by 50%.
If this drilling in Alaska shows promise then long standing shareholders might have a chance of getting their money back at 1.5c. At the moment the company is a pure exploration outfit.
The investment thesis solely rests at the end of a drill bit in Alaska. Mt Carrington is a liability, not an asset.
Fingers crossed that the explorations gods throw some sunlight on this.
WRM Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held