WME 11.5% 14.5¢ west australian metals ltd

large buyers sudden volume spike, page-9

  1. 5,331 Posts.

    remember at this stage still very few people actually know that WME has such a quality uranium resource. What will happen when they announce the lastest drill and sampling results is that investors will do the sums on WME and work out that it is seriously undervalued compared to some of its peers. If anything the results regardless of how good or bad they are will draw more focus towards the company.

    Also it is many months away before they release the JORC resource figure, but there will be plenty of drilling and sampling results in between to get a feel for how big the resource statement will be and remember by the end of the year the uranium price will be much higher than now, with sellers drying up knowing they can get higher prices in the future.
 
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