re: Ann: Roper Bar drilling confirms new Iron...
Shareholders should take heart from the fact that there are so few shares available with a market cap of only $120 million of which a significant percentage is held by the strategic partners and Board. It would not take a lot for the share price to move quickly if there are interested parties.If you look at the volumes over the last 2 weeks, the share price has gone up 45% with a total volume of only 15 million shares.
These announcements of new strikes continue to prove the vastness of the iron ore resource at Roper Bar which makes a very large scale low cost benefication process not only viable but extremely attractive. I foresee a initial DSO mining operation which will help finance the larger scale benefication plant. With options available on how to transport the ore to ports, WDR ticks all the boxes for me.
WDR Price at posting:
58.5¢ Sentiment: LT Buy Disclosure: Held
