I suspect the current sp increase has a lot to do with Terry Streeter becoming chairman ,drilling starting and the AKI takeover. I believe that WGO are looking at an exploration target > 3.o billion tonnes of DSO haematite with very high grades > 60% now that they have bedded down the Gabon part of the Youkou project. Remember back to the reporting of the aeromag survey when they said that some of the map was blacked out for commercial reasons. This imo was the indication that Youkou ran into Gabon and I believe could be just as big as the ROC part of Youkou.
That is the reason for my bullish view on the potential resource.
MBM Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held