Iwas doing some research last night and came up with this gem....
A veritable GEM indeed it is......
Albeit a hidden, unpublicised one...
Here is why: WME (Western Metals) have tenements in Duketon (Collurabbie) region of Westen Australia.
1) The Anchor Project, which is immediately South of Newmont-Regis(RRL) Mollart Well exploration (The reason RRL, sky-rocketed).
2) No Mistake Mining Lease (11 hectares) right next door to the Newmont-Regis (RRL) another Joint-Venture........
In addition WME have another 12 (!!!) YES 12 tennements, all in and around the same latest huge WMC-FCN huge nickel disovery.....
WME have only 99 million shares on issue (and some options) and over $1 in the bank on top of the above extremely interesting tenements.
*****A further sweetener. WME are about to acquire 20% (with the option to increase it to 50%) of a Biotech company which has developed a revolutionary and very succesfull
anti-Asthma drug, which has already had clinical tests (succesfully) and has TGA approval, with sales already being made!!!!
**************Please, make your own research-analysis prior to making a decision.
In my humble opinion this stock is worth a lot more (conservatively putting a figure: Over 30 cents) as it is now.....YET is capitalised only at $4 million! In other words, it is around 4 cents only!!!!!
Cheers.
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