redrocket, they are searching for Coal, Gold and other Metals at Scadden. BHP has drilled an paleochannel of coal near the WME area, which is 20km near the Blackham Resources projekt. So they think, the channel goes trough the WME area, too. I think, when they find something a quick selling of this area is smart. Good invest. 2000m will be drilled. Beginning at september, 2km x 2km. Also the Scadden-Area is a part of the Alban-Fraser Orogen, which has indentified 4Mil Oz of gold, by Anglo Gold Ashanti.
The coal-price and the U-price normaly are "married", but in this times, the coal-price is up 50%, the U-price 0%.
WME Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
