I think the fantastic announcement today will see WGO go substantially higher over the next few days and weeks.
EQX got to around a $400M market cap after they announced survey and rock chip results. WGO at the moment have only a $70M market cap. And of course the SDL market cap is in excess of $1Billion.
Looking at the recent substantial holder notices, we can see that Terry Streeter has been doing most of the buying of WGO lately on market, from 75c all the way up to around $1.50. He holds around 5M shares which is 12% of the company. Terry Streeter is a massive investor in resource stocks. A very successful multi-millionaire investor. He has not come into WGO just to make a quick little profit, he obviously sees the huge potential and I think others will start to see the potential very soon, probably from tomorrow.
MBM Price at posting:
43.8¢ Sentiment: Buy Disclosure: Held
