There will need to be a cap raising soon if the planned diamond drilling is to go ahead and PFS progress. Exploration season is open again in the Pilbara so I expect something on funding soon. Other big ticket items include environmental assessments including hydro work. Native Title was well advanced but no outcome yet. News on NT and mining lease approval would be helpful.
PX looks passive and hasn't participated in the past 18 mths. IMO WFE need to consider other options.
Announcement was excellent but timing of release was poor. Poor week for junior iron ore but as we saw in 2012 price can bounce quickly. Long term average is still around the $120 / mt.
WFE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
