WPI west peak iron limited

re: Ann: Quarterly Activities Report and Appe... If I can add...

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    re: Ann: Quarterly Activities Report and Appe... If I can add properly, the current market cap with 80 million shares and a share price of 2.3c is $1.84 million which is less then the current bank balance of $1.9 million.

    Not good news for the Highway Prospect in WA but i never expected this to return any economical amount of DSO anyway. Looks like all focus is at Bomi South where they have found similar grades to the Chinese Owned Bong Iron Ore Mine. The Bong mine is planned to be up and running later this year so West Peak could benefit from this being so close as all infrastructure will be in place.

    Unless they get some good drilling results in the next phase, they will struggle to raise further funds at this share price.
 
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Currently unlisted public company.

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