Avenue8, applying your theory on WGO, I assume that you would say that EQX and SDL are hugely over valued then? How about EQN?
By the way SDL have announced (Feb 14) that costs will be higher due to including a second mine - I would take that as a positive.
I invested in an African explorer many years ago and heard all the arguements against Africa then, however they have recently raised funds and are in the process of construting a plant.
Africa has huge potential and is largely untapped. Yes some countries do have increased risk, but in most cases the reward out ways the risk.
At the moment I think the reward far outways any risk for WGO.
MBM Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
