attn andy j

Andy-j,


I’ve read all your posts on WME and have a few queries for you.

1. You suggests that WME has low grades from the historical results that they currently have.
Tell me something, compared to Trekkopje (Uramin) 340mt @ 141ppm, Valencia (Forsys) 117mt@160ppm, Goanikontes (BMN) 56mt @219ppm; how does WME stack up? From a grade perspective – most of the grades from the last announcement dated 30/05/2007 had 12 holes, of which the lowest grade was 108ppm which was conclusively followed by a deeper hole of 343ppm. To my knowledge, the holes where of shallow depth, but that just because WME haven’t drilled further down these holes, which says that, the deeper the hole, the better the grades.

2. You suggest that WME has no upside and as such has “snowflakes”. From my research, the historical resource of EPL 3287 only covers 30% of the ground. As such, there are 70% left that was proven via airborne radiometrics that the tenement has significant U308 upside that has yet to measured. Don’t you think that the other 70% will have high grade U308. On the flipside, our EPL 3287 tenement has a large ground holding which is bigger than Rossing or Langer Heinrich.
3. You suggests that WME has nothing worth of substance in their tenements; Did you know that when the Geological Survey of Namibia was carried all over their entire country, they pinpointed that Marenica = EPL 3287 which was pegged by Goldfields was in fact the largest U308 anomaly. Bigger than Langer Heinrich and Rossing. In fact, it was the first tenement for U308 pegged by any mining house that conducted work in Namibia. Now if you think about it, don’t you think that Goldfields would have pegged the best land available if they have first dibs at the Geological Survey? To back my statement –

http://www.reisenzeigen.de/Berichte/1947
Previous exploration on EPL3287 notably by General Mining and Finance Corporation outlined several uraniferous palaeochannels. The largest is the Marenica which was discovered by reconnaissance drilling in the 1970's. It is reported to extend over a length of 17 kilometres and varies from 300 to 1000 meters in width. Drilling in four anomalous areas (Anomalies 1 to 4, Figure 2.) yielded a general thickness of between 3 and 5 metres with the highest intersection returning 8.1 metres at 480g/t U3O8.

So in conclusion WME has;

1. Good U308 grades – better than its neighbours
2. Further upside – 30% is only reported, the 70% was covered by the airborne radiometric survey which confirmed further anomalies.
3. Was the first U308 land tenement pegged as a result of the 1970’s Geological Survey, which means we have the best U308 ground. Better than Rossing and Better than Langer Heinrich.

Let me know your thoughts, I don’t want slander, I want FACTS.

Regards
D