I'm always deeply suspicious of any project that is promoted on the basis of "grades up to xxxx%" without much other supporting evidence. eg how many holes had ore grade hits vs how many holes were barren.
WME's project has had a quite a few holes drilled into it - but we don't see any tabulations of the better drill hits.
Make of that what you will!!
Feedback from attendees at the recent U-conference is that WME are still to employ a Namibian-based exploration team, so genuine exploration is probably some time off.
Hence the decline in SP.
The +ve for WME is that there is visible U at surface, so it is a bona-fide exploration play, but it's the same old/same-old story of high reward vs high risk that accompanies every grass roots exploration play.
R/happy
WME Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
