WTE wedgetail mining limited

turned the corner and going up

  1. 2,123 Posts.
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    SHAW STOCKBRKING recommendation. summary:
    - 560 sq km ladn holding in Nullagine field; drilling - density 7 holes/sq km (28 holes/sq km for industry);
    - Exploration continues to Sep (drilling results still to come)
    - 717000 oz in resource (equates to market cap of $22/oz comapred to $100-$200 for many undeveloped resources
    - has purchased long lead items like ball mill and leach tanks worth $8 million (currency in this market)
    - $5 million in cash
    - market cap only $17 m
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