Thank you for sharing your research here. I think WME sp has been dogged by the perception Marenica is a low-grade deposit. The figures you quote indicate there are significant intercepts with higher grades. If other companies spent years in exploration, then I am not expecting a few months fieldwork to yield instant results. The tenement is still very much underexplored. I read an article a while back saying that lower grade deposits can be more economic to mine than higher grade desposits - it depends on the type of geology, some higher grades being more difficult and costly to extract.
I think that gaining Marenica was a coup for WME.
My mental telescope sees a JORC-compliant resource statement as being a watershed time for the Company, with possibility then of attracting serious capital. (That's what I "see", but nothing is certain, it is not to be taken as a forecast!)
If Marenica is proved to be a mineable resource, I'll be one happy holder.
WME Price at posting:
0.0¢ Sentiment: None Disclosure: Held
