re: - time to take notice... I not only thought todays announcement was exellent with solid grades, but I also thought the way the price held up at around 5 was very strong for a further move upwards in the short term.
I think once we see a spike in gold (which will be shortly), we'll finally see WTE head back up to 6+. Right now - it's a traders market - with 0.002-0.005 swings. But even at 5 cents - the stock represents fantastic value with proven tenaments and excellent grades. The positive far outways the negative on this speccy, especially around the 4.7-5 cents mark.
The other thing I've been doing is taking chunks of the oppies at 1.1. The share has already met strike of 5 and doesn't expire till Dec this year... think gold will still be $428 in December? But even still, what's the risk at 1 cent if the FPO heads up a cent? At least in my mind, this is one of the best option plays on the market.
Cheers
SB
WTE
wedgetail mining limited
