westmag acquires company-making gold project, page-2

Some pretty serious numbers here...

geez...2.5m ounces with upside potential?

Low grade, but in the current climate, economic.

I particularly like Barrick's comments regarding it being an important gold resource and potential for much higher grades.

Have never really looked at these guys much in the past...but a quick read suggests they have been very busy in recent years.

Amazingly, given the work they have done and the time they have been on the boards, there is still a relatively low number of shares on issue...just 66m or so!

At 20c, they will have a market cap of just $13m of which $1.1m is cash...amazing therefore they closed tonight at just 8.2c giving them just a $5.4m market cap?

I will be taking a very close look at these in coming days.

Cheers!