Haha, I'll take it. I got a large % in WRM so I am of course biased but I just can't see the risks to the downside at these levels. Mt Carrington could soon be fully permitted and they could even give away 50%-70% for funding and it should be worth around the current EV.... Red Mountain with a proper listing, a few holes planned for excitement next field season and NA waking up to the quality and silver content could easily warrant current EV. Sandfire, which has seen a lot of internal problems, having JV'd the thing is proof enough of the potential... Last Chance being a monster IRGS/Epizonal gold target with tier 1 potential could easily warrant current EV.
When it's hard to see what would need to happen for the intrinsic value to be less than what a stock is valued at I go big. I haven't seen many cases that are this undervalued just based on what is known and with one or two world class exploration projects for the major upside potential to boot.
Anyway, my 2 cents. Cheers Wack!
/Horseman
Ann: Mid-season Exploration Update - Last Chance Gold Target, page-85
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