Although very early days a great result for WGO starting to paint the picture at Youkou. Further survey work then drilling down the track, rock chip assays in a few weeks also.
Chubbito
I dont follow, its 8 bagged from ipo levels but now faces huge dilution to start exploration? 5-8M shares or so will do it which would hurt a lot less than at IPO level.
I sincerely hope they need to find a major with deep pockets down the track because WGO will be multiples of today price.
Check management, recent releases and activity around the neighbours not to mention iron ore prices, suspect a line out the door to give WGO some paper to start drilling.
SDL, AKM and others have no rail and are years from production.
SDL start rail construction late this year btw, chinese are looking at another deposit 100kms west of WGO.
What else can WGO pick up in the same area?
Go strong go long.
MBM Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
