WMG 3.85% 27.0¢ western mines group ltd

Exciting Times Ahead, page-5

  1. 1,056 Posts.
    lightbulb Created with Sketch. 6377
    High of 27.5 cents today so far. Even at that price it is a reasonable exploration play because it has cash and it will soon be drilling in a large dunite intrusion with some previous long Nickel sulphide hits with substantial Cu, Pt and Pd credits. They would have to be very, very unlucky not to hit more nickel sulphides and at least one long intersection in the 100-200m long range and one >1% Ni hit as well.

    Easy to see the risk/reward equation working in favour of the investor at this market cap. I could easily see this flying with good results. Not hard to imagine a market cap of $20 million with present prospects. Well done to whoever is picking up a reasonable holding today.

    DYOR. Not investment advice. Remember that many a drill hole has ruined a good exploration story and the odd one sends the shares flying.
 
watchlist Created with Sketch. Add WMG (ASX) to my watchlist
(20min delay)
Last
27.0¢
Change
0.010(3.85%)
Mkt cap ! $21.84M
Open High Low Value Volume
26.0¢ 27.5¢ 26.0¢ $8.89K 32.72K

Buyers (Bids)

No. Vol. Price($)
1 29474 27.0¢
 

Sellers (Offers)

Price($) Vol. No.
28.0¢ 2361 1
View Market Depth
Last trade - 10.27am 30/08/2024 (20 minute delay) ?
WMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.