WMG 8.33% 26.0¢ western mines group ltd

Exciting Times Ahead, page-5

  1. 1,044 Posts.
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    High of 27.5 cents today so far. Even at that price it is a reasonable exploration play because it has cash and it will soon be drilling in a large dunite intrusion with some previous long Nickel sulphide hits with substantial Cu, Pt and Pd credits. They would have to be very, very unlucky not to hit more nickel sulphides and at least one long intersection in the 100-200m long range and one >1% Ni hit as well.

    Easy to see the risk/reward equation working in favour of the investor at this market cap. I could easily see this flying with good results. Not hard to imagine a market cap of $20 million with present prospects. Well done to whoever is picking up a reasonable holding today.

    DYOR. Not investment advice. Remember that many a drill hole has ruined a good exploration story and the odd one sends the shares flying.
 
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Last
26.0¢
Change
0.020(8.33%)
Mkt cap ! $21.03M
Open High Low Value Volume
25.0¢ 26.0¢ 25.0¢ $4.74K 18.93K

Buyers (Bids)

No. Vol. Price($)
1 5000 25.0¢
 

Sellers (Offers)

Price($) Vol. No.
28.5¢ 11196 1
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Last trade - 14.26pm 24/07/2024 (20 minute delay) ?
WMG (ASX) Chart
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