WME 11.5% 14.5¢ west australian metals ltd

wme uranium stock of the year, page-2

  1. 5,331 Posts.

    that 18 million pound uranium resource doesn't take into account modern exploration techniques with alot of companies finding that historical exploration results are actually much higher when re-tested using current methods.

    Not to mention the recently higher grades uncovered during recent exploration, which are open to the southwest and northwest which has the potential to uncover a large previously unfound higher grade zone.

    Once the JORC is calculated and they have a mining resource to work with the stock will be due for a major re-rating.

    Remember even if the Labour Government overturns the ban on Uranium mining it will still be many years and alot of red tape before any operation will be started in Australia. Thus putting further spotlight on Africa, Canada and the former Russian Republics to make up the shortfall in production.

    And the location of the tennements in Namibia is the major plus for WME
 
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