WMG 8.33% 19.5¢ western mines group ltd

westmag acquires company-making gold project, page-7

  1. 23,765 Posts.
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    lots of good gold specs out there though just bought some ibr today to.
    Problem with this is they need to do a placement shortly as they have zilch in their current account.
    Also the management is mediocre here but I have dipped my toes in and volume is around 5% of market cap today so thats a good sign
    Also extraction costs for this type of rock is normally low, so should be feasable if going the heap leach route.
    I wouldnt bet the farm on it though not with the shining cuckoo around every corner there
 
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