Wish I had a scanner,goes like this
Under Mercator The West Australian Sat 18/12
"Speculative Buy
With a market cap. of $46 million, stockbroker Intersuisse said WTE looked fairly priced for a company that could be sitting on a gold resource of 1 million ounces.
The broker said wte was unique among the emerging gold stocks in that it had 100% control of it's Nullagine goldfield, which covers 570 sq km. Due to the historically fractured nature of the ownership of the field, Intersuisse said little or no exploration had ever been conducted.
WTE started a major drilling program earlier this year to confirm and upgrade and upgrade the exsisting resource base. An independant resource estimate will be announced once all drilling at the west of Golden Eagle is completed and this will form part of the bankable feasibility study".
Sounds pretty upbeat
Hunter
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