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6.3¢ white rock minerals limited

Completely agree JORC ounces is credible an used to help...

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LibertyS

1,340 Posts.

388

02/02/17

11:24

Post #: 22314215
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Originally posted by Jungle_Cat ↑

Hi Chris,
Jack is in fact materially wrong in some of what he says. WRM state a JORC resource under the Code and ASX Listing Rules of over 300,000 ounces of gold and 23 million ounces of silver. The statement IS based on drilling. In their presentation (found on their web site), over half of this Resource is in the Indicated category.
I agree with you, WRM is cheap but I see they are out and about with the story - on ProActive Investors, StocksDital and the like. Wont be long until they run........
Jungle_Cat

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Completely agree JORC ounces is credible an used to help investors determine the value of a company... this company is undervalued with an enterprise value at the moment of around 8mill after taking Cash on hand into account.

WRM Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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