Would not surprise me at all in we get an announcement about a JV in Alaska. With the last capital raise they never mentioned raising money for Alaska at all.
Northern Star Resources (NST) currently valued at 12.65 Billion Aus dollars owns the Pogo mine. Quinten Hennigh has said the Last Chance gold prospect has the potential to be Pogo 2. WRM have already done the hard work and know where to drill. If it had not been for the debacle with the crews for the rigs last season we may well have found a really big deposit. It would be nothing for NST to say invest $20 million over a couple of seasons to drill the crap out of The Last Chance gold prospect and possibly sink a few holes in the VMS.
If not NST may be another big player willing to sink some holes in such a high gold in soil anomaly. Especially with gold prices taking off again. The VMS deposit at Red Mountain must be looking really appealing to big players as well with its great mixture of Zinc, Silver, Gold all going up in price and potentially more VMS prospects close by such as Kiwi.
WRM Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held