"WITH the US$82.5 million acquisition of the massive Corridor Sands project in Mozambique, WMC has confirmed its interest in a 16 billion tonne resource."
To all those who want argue what the current MC should be worth, before a drill was even put into the ground, WMC was prepared to pay alot of money for the rights to the 3 tenement corridor sands project. We have the rights to two of those tenements. Anyone for 1 second thinking the project is even close currently to fair value is kidding themselves. This is one of the biggest mineral sands resources in the world and the upcoming assay results will go to proving just that.
DYOY.
Ann: Release of Securities from Voluntary Escrow, page-144
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