It's great that the NT Government is putting so much support behing both WDR and SHD, they have missed the mining boom so far and are desperate to have a slice of the royalty pie.
I previously was a long time holder of WDR but sold at a good profit on the huge share price increase late last year. I am still a believer that the NT is the place to be for mining and for those who follow WDR please have a look at the past few Sherwin iron (SHD) announcements.
They are about to start shipping a 200,000 tonne bulk sample and mining to soon follow in November similar to WDR.
It makes sence for these 2 to either merge or JV down the track as SHD has a large land holding in Darwin port. News from the Fed Govt of a $300 million port upgrade possibly Fed funded would be great for the Territory.
SHD starts trucking ore to port this week as per below, so read up on it and jump on board the share price is about to lift with cashflow coming into the company.
COMMENCEMENT OF MINING AND SHIPPING Sherwin Iron Limited has commenced mining, crushing and screening the 200,000 tonne bulk sample at its Roper River tenement. The first truck load is expected to leave the mine site for Darwin Port later this week. The initial overseas shipment by Panamax freighter is due to take place by mid August. Sherwin will provide regular production updates and confirm the first delivery of ore to Darwin Port.
WDR Price at posting:
70.0¢ Sentiment: Hold Disclosure: Not Held
