CWX potential multi bagger ahead with silly mcap - JVs with Rio, IGO, Fortescue and BCA

CWX fully flying under the radar, or better said, under earth.

Sure, the management is not from the rush and party front, but this is exactly what i like here.
They are very serious, strategic and very careful with the cash balance.
The shareholder structure is as brilliant as the Management skills and experience is.
Top20 holding nearly 50% of the only 109m shares on issue. Great names on list.
Current market cap, silly cheap 25m.
It seems they pushed the button right now and are full steam ahead to be rerated significantly.
(when i look at CWX, i remember to AZY)

What Projects do we have? We have 5 great Projects:

Tropicana North Project
Fraser Range Project - IGO JV
Paterson Project - Rio, Fortescue JV
Oakover Project - BCA JV
Jamieson Project



Tropicana North Project (North-Eastern Goldfields, WA):
have a look at todays announcement.
The first diamond drill is showing visible gold.
Watch the high grade hits before on the their first virgin RC drills.
There is not only the Hercules spot. Have a look at these other greek goods sweet spots and Don King, Wild Thing and others.
Massive tenements acquisition.
Interesting is the region aspect. Big neighbors around.
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wq%2ByBjzv%2FRu57FiGug%3D
Heavy news flow coming. Drill drill drill.


Fraser Range Project, (south of Tropicana) JV with IGO:
Significant land position.
JV with IGO (51%, max 70%)
IGO full steam ahead. MLEM survey identified two ne conductors.
Diamond drill program Q4/2021 fully franked by IGO.
Some 100% Carawine great projects like Big Bang.
From two weeks before:
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wq9yxnwv%2FRu57FiGug%3D


West Paterson Project, JV with RIO:
RIO can earn up to 80%
Drilling expected for next quarter.


Paterson Coolbro Project, JV with Fortescue:
Fortescue can earn up to 75%.
VTEM helicopter survey completed end of May.
Results pending.
There are so much proven discoveries. Huge land packages from Carawine.
Huge Non-JV tenements still in Carawines hand.
Needs a little bit time. Very strong long holder potential.
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4w24wBL%2Bv%2FRu57FiGug%3D


Oakover Project, World-Class Manganese Project, JV with BCA, Black Canyon:
A second E25 in the making?
Massive Manganese outcropping and near surface mineralization.
BCA can earn up to 75%.
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wq8wBb%2Fv%2FRu57FiGug%3D


Jamieson Project, Victoria:
Unfortunately the encouraging early signs haven't been proved yet.
Multiple targets to be drilled in the future.

https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wy%2FzBjwv%2FRu57FiGug%3D


All in all, CWX has five potential Tier-1 projects.
Nearly the work financed by High-Quality JV-partners.
The very wise management team is very careful with cash burn rate.
They have skin in the game.
Other shareholders like Wallin, Sprott and others aren't invested for nuts.
Strange share price actions look like, someone wants in, before they let it run finally.
Seems to me that every single project has the value of current mcap.
If only one project will run in the right direction, market will wake up and shareholders will be very well rewarded.
Newsflow will be huge in the next months. More than 15 diamond drills in front of us.
Let the volume raise to 2m shares per day and we will see a multi bagger scenario.
Potential take over candidate for sure. Maybe with spin out possibilities.

Good Luck shareholders.
Mikro