Ann: Winmar acquires Lomero drill core and QA/QC data-WFE.AX, page-172

I bought yesterday a nice parcel at 0.5 after throwing a first anchor at 0.4 some weeks ago.

Imo the mirco-marketcap is almost backed by the iron ore project and Lomero isn't considered by market at all.

TIO is currently paying 74 m$ for our neighbour Flinders with its 104 mt 56 %FE.

Winmar owns about 24 mt 55% FE ->  approx a quarter of FMS ressources.
About 10 m$ were spent in exploration into Hamersley Iron Ore in the past.

Despite the low FE prices and the lower JORC categories compared to FMS, the Hamersley 70% share alone is worth the current WFE marketcap.

From the last quarterly report:
The Company continues to consider approaches from several parties who have variously expressed interest in making a significant investment in the Company to fund the exploration of Winmar’s existing mining assets, and/or potential transactions involving the acquisition of assets tocomplement Winmar’s existing mining interests.

My "wish-scenario":
They sell Hamersley and take the funds to give full speed in Spain without further dillution.

SP prediction:
0.7-0.8 after start of drilling anouncement
1.0 when these drill results confirm the historical width and grades

Greetings from a German investor
Maigret