SMM has 75 million lbs JORC delineated U308.
WME could...(i say could) have 18million JORC inferred.
That's only 30% of their tenements.
Now here's the key; Goldfields which had the tenements that had the 18millionlbs, qualified the 18 million with the old JORC codes back in the 80's which was the now defunct Nuclear Agency - which means...the 18million JORC delineation is a matter of admin...for WME.
What management are working is...??? The 70% - which could contain at least 100million. That's why its taking more time to gain a JORC code.
DYOR - trawl through HC and also their announcements.
I'm bullish about WME - and this could surpass OMC which was a massive holding for me until management sold me outby selling to Denison. OMC tenements had 13.7million JORC inferred with massive upside. The upisde was only to 30million lbs. WME could have 100million lbs putting them up with Cameco holdings etc -
Cheers
D
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