I have been up all night researching , firstly ARM and then a loong read on WTN . A 99.9pc discount means WTN are still a good buy I think . The market cap is 10m dollars . Six million for Groote and a million for the U prospect ( both a bit cheap ). WTN is worth 7 million according to the estimate which is 0.01pc IGV of the possible resource quoted . They are trading at a 35pc higher market cap than that amount , so 0.01 plus 35pc equals 0.0135 off 100pc , hence 99.65pc discount . Still very cheap IMO . No way this is going to go too far backwards IMO . Proving the resource may be a lot quicker and cheaper than a hard drill and blast . I watch and read the thread with interest .
WTN Price at posting:
67.0¢ Sentiment: None Disclosure: Not Held
