I was about to dump my small holding last week since holding shares in CWG is like watching paint dry, but the quarterly changed my mind and I bought more in the low 6's. I wouldn't be to down on the new leases, that district contains some very rich deep leads, although its an outside chance at best.
but the company needs some young blood with energy and another million bucks in the bank for decent exploration. I am happy to chip in if they hand the hat around
the ottery mineralised zone is 400m x 30m x 140m
thats around 4million tonnes
just guess work right now but say 500,000 tonnes of that is payable at 1% tin and you have a serious hard rock tin project. At 2% its more than serious, its the highest grade project in Australia by country mile. the drill bit will tell, if they actually get the drill out again
Its tinpot nanocaps like this you make the big money. I will buy more if it falls back to the low 6's.
I wouldnt recommend it to my mum though
CWG Price at posting:
7.5¢ Sentiment: LT Buy Disclosure: Held