SBS WMT

re: Ann: Western Metals to acquire Tanzanian ... name 1 gold...

  1. buffman
    48 Posts.
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    17/02/09
    23:47
    Post #: 4807479
    re: Ann: Western Metals to acquire Tanzanian ... name 1 gold project(without any other credits) that can operate at 1 g/t, there is none!, superpit is circa 2 g/t and they have economies of scale and add Africa to boot and you have a very poor transaction that has probably seen the coffers drop to $17-18m, if they don't raise more cash they will be sub $10m this time next year easily.

    Buffman
    WMT Price at posting: 39.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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