XAO 0.59% 8,703.1 all ordinaries

If I was still tipping, I'd be looking at WCN at 1.4c.Cap $3.2m...

  1. 19,194 Posts.
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    If I was still tipping, I'd be looking at WCN at 1.4c.


    Cap $3.2m with $600k debt

    Cash $2m

    EV $1.8m

    Low SOI 231m


    Raised/ rights just completed. 


    OZ: Coronation Dam looks to be shaping up now from surface and shallow.

    BEST *40 metres at 0.22% cobalt and 1.75% nickel from 8 metres

    Looking for maiden soon


    "White Cliff Managing Director Todd Hibberd said: “Further assays at Coronation Dam continue to demonstrate the highgrade nature of the cobalt mineralisation. The mineralised zone is now over 600 metres long, 400 metres wide and upto 56 metres thick (average 20 metres). Further assay results should be available shortly and on receipt of the finaldrilling results the Company will be in a position to complete a geological and mineralisation model and to select samplesfor metallurgical testing”


    Plus a near 500k ounce Gold JORC in Kyrgyz.

    (MSR sold a 1m ounce project there recently for US$10m)


    Priced less than some shells, so could be a bag here on the next Gold update or Cobalt/Nickel resource. 


    DISC: hold  just 1.2m


    Last edited by Sector: 19/11/18
 
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