No one is doubting the quality of the projects wfe have but the...

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20/12/16

21:56

Post #: 21472901
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Originally posted by Danjohnson ↑

Just thought i'd post my STTCOMP entry in here for anyone who is curious what all us holders see as potential in WFE

STTCOMP WFE, FA LONG

Short Details (20/12/2016)
Last price- 0.005
52 week high- 0.008
52 week low- 0.001
Market Cap- 5m

Points of interest and key details of WINMAR RESOURCES.

-Top 20 shareholders have 47.89%
-Drilling for Lomero Copper-Gold project to start Jan 2017

HAMERSLEY IRON ORE PROJECT

-Currently owns 70% beneficial interest in the Hamersley iron ore project in the Pilbara region of WA, Excellent development potential and Winmar (WFE) is currently managing the Hamersley project.
-Mining lease 47/1450 granted Nov 2014

ADVANCED PROJECT
-JORC inferred resource 343.2Mt @ 54.7% Fe (57.9% CaFe)
-CID zone comprises 318.9Mt @ 55.2% Fe (58.9% CaFe)
-Maiden Indicated resource of 42.6Mt @ 55.2% Fe (57.9% CaFe)

INFRASTRUCTURE ADVANTAGES
-Adjacent to operating mines, workforce, roads & rail
-FMG and RIO rail approx. 35 km from deposit.
-Major towns nearby Tom Price (50km); Paraburdoo (125km)

EXPLORATION UPSIDE
-Exploration Target 400Mt @ 56-60%CaFe
-Northern and southern targets untested.

LOMERO COPPER-GOLD PROJECT
-Lomero is an advanced gold-silver-copper-zinc exploration project located within Spain’s premier mineral district, the lberian Pyrite Belt ( IPB) and close to several major mining projects.
-Prior to closure in 1991, Lomero produced at least 2.6 million tonnes of massive sulphide ore containing an average grade of 5 g/t gold and 1.2% copper. The gold grade is unusual and the highest of all deposits with the IPB.
- First drill programme at Lomero for January 2017
-Drill access agreement signed with Ence. ( leading Spanish forestry company )
-Government mining authority of Andalucía has approved the company’s work plan for the project and confirmed the application for drilling will be approved shortly, in time for drilling to start in JAN 2017

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No one is doubting the quality of the projects wfe have but the real question is...

Does wfe have the right BOD to take these projects forward?

Is the BOD intention to take any project into production?

What is the history of the BOD in bringing any project into production?

WFE Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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