recent mo results

I don't know much about Mo development or the significance of these recent results?

WTE have now made several intersections of around 0.015% Mo and they claim to have 4km of strike over which they could potentially discover a world-class Mo deposit. For comparison, Molymines' successful Spinifex Ridge project contains 272 kt of contained Mo at 0.06% grade (the footprint of the project is roughly 800m in diameter).

I guess WTEs exploration efforts are at a very early stage. Next steps for the company are IP survey work in Feb 08 and more drilling to commence next quarter.

The Nullagine gold project was a complete flop for WTE and I got burnt on this. Now this project has dropped off the radar, being replaced with spin about the Mo prospects.

I continue to hold WTE shares just out of blind faith.