24 cents....are you kidding me!!, page-67

Its pretty certain that at 24cents/share valuing WCU at $57m is not a fair price. It hardly covers the 1.16mlbs JORC resources at Daneros. It definitely won't cover the extensions to Daneros nor LarkRoyal. Thompson, also showing historical high grade figures and, Geitus/Blue Jay/Marcy are likely not to be factored in.

There has hardly been any funds for proving up the value of WCU's resources. Even the 1.16mlbs has been based on historical and 2008 drill holes.

The Bidders statement due mid March should show how 24cents/share has been arrived at. The IPR report for the geological assessments for Geitus/Blue Jay/Marcy is due end of 1st qtr(if on time) after Bidders statement. IMO it should be material info. vital for shareholders decision making.