After our most upbeat quarterly Company report in years, we are now all optimistically waiting on confirmation that the Mongolian Government has approved the 2017 drilling schedule and budget. They said this would be released to the market before the end of February.
What was particularly exciting in the quarterly, was that the drilling program could be multiple wells, in which case they would not only need to get a wriggle on, but that perhaps a JV will be announced soon to fund it.
In my opinion, this funding question mark is the final 'hand brake' on our share price.
Confirmation of this, will see us smashing through to first resistance of 7c in a nano second.
Remember, you and I are not the only ones who have been watching our neighbour's staggering run and know that it's not much of a stretch to imagine The Wolf doing the same.
Hold tight friend.....or buy more
WOF Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
