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
WTE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held