WFE 0.00% 2.4¢ winmar resources limited

Ann: Winmar acquires Lomero drill core and QA/QC data-WFE.AX, page-131

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,131 Posts.
    lightbulb Created with Sketch. 6
    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.
 
watchlist Created with Sketch. Add WFE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.