It seems like you (Gibb River) know what you are talking about regarding WTN. I have been looking for what your basis is for your multiple $s per WTN share predictions and I noticed a technical article (link below to full article) on the internet about the Groote Eylandt geology. I would appreciate your comments about what you understand the following summary excerpts from the article to mean. I noticed a WTN director bought some WTNO the other day at 12c too, which is a good sign.
By National Research Council (U.S.). Panel on Manganese Supply and Its Industrial Implications, National Research Council (U.S.). National Materials Advisory Board, United States.
“These beds, dipping gently to the west, unconformably overlie the Middle Proterozoic Groote Eylandt beds consisting of 180 m of cross-bedded sandstone. Lower Proterozoo-c-Archean gneiss underlies the Groote Eylandt beds.
Manganese ore is known to occur over an area of 150 km, mainly on the west side of the island.”
“The formation of these deposits in a marine environment appears to have produced a pisolitic type of ore of exceptionally high grade. The pisolites grade 52% manganese or more.”
“The ultimate origin of the manganese in the sediments is rather speculative, as is true of most major deposits of manganese. McIntosh et al. (1975) demonstrated the marine origin of the deposits at Groote Eylandt by showing that marine foraminifera are present beneath, within, and above the oxide ore bed.”
“The marl, under later weathering and erosion, could have been the source of the manganese that was further concentrated as oxides in the shallow sea surrounding the knobs of eroding marl.”
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WTN Price at posting:
32.5¢ Sentiment: None Disclosure: Held
