18 km shear zone is mineralized

Quarterly report is due in the next few days and the JORC reserves/resources in November. Assuming that Blue Spec & Green Spec meet or exceed estimates by Charmichael we get 315,000-440,000 ounces plus Green Spec which is a lookalike with the addition of a near surface open pittable area. Resources are very high grade. WTE is at the Eastern end of the 18km shear zone and they are shallow RC drilling and finding lots of near surface open pittable gold at very decent grades. IMHO the whole 18 kms has lots and lots of near surface and deeper gold deposits.

NWR has the strategic high grade ground and plant to process 40,000 tpa. Could be in production very quickly without any problems, could probably raise additional loan funds against plant to get into production ASAP. At current grades they could be producing 40-60,000 ounces per annum plus sb credits. WTE is valued at around $65,000,000 and NWR is $16,500,000. Re-rating is imminent.