Yes there is about 800k oz left, and potential for more extensions, but lets not get ahead of ourselves. We wont even have the 10% interest in Lomero until we spend 400k euro + 200k AUD on it. 70% interest is dependent on us spending almost 6M AUD over 3 years. WFE doesn't have anywhere enough cash for that, and theres only one way nanocap explorers get cash - capital raises. There will be more dilution to come, hopefully at higher levels once we get some news rolling in.
If it was a clean, 100% owned project, I agree that WFE should be sitting on at least a 50M mcap based on the 800k alone, but its not. At this stage, I consider fair value once drilling commences to be about the 1.2c mark, or around 11M.
WFE Price at posting:
0.6¢ Sentiment: Buy Disclosure: Not Held