Investment comment. WME is potentially positioned to achieve a JORC resource (4Q07) in a well defined uranium province. With a market cap. of A$44m and mid stage peers re rated over the past quarter from A$3.50/lb to around A$7.50/lb resource (NEL), WME has potential to be re rated with confirmation of and modest upgrade/high grading of the historic results.
Note: drilling results for at least 1000 holes should be out soon according to report.
WME Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held