WME 11.5% 14.5¢ west australian metals ltd

Very true Mncia.Will be interesting to see how much the update...

  1. 170 Posts.
    Very true Mncia.

    Will be interesting to see how much the update comes in at. Remembering that a significant number of drill holes will not be included in this update.

    I recal reading that there is confidence in the company's capacity to define an interim resource of 100m lb of contained uranium averaging ~400ppm. With a significant portion of the permit still un/under explored, this appears achievable.

    Interestingly, most ppl agree that the market is only valuing WME's current resource at around a third or less of its value (based on 34m lbs contained). If WME does achieve a 100m lbs resource, I'm sure everyone can do the maths on what they could be worth.

 
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