I've got to admit that in the last week I have been more...

I've got to admit that in the last week I have been more encouraged than ever to buy more WCL, despite the current lag in share price - though I would like to see a bit more interest in it!

Not sure if any WCL holders follow ROG (Red Sky) but they brought out a presentation targeting growth to the "reserves, pre-production" stage and mentioned WCL along with BUL and ICN, etc at that stage. The ROG presentation showed that group of companies as being valued between about $150-300m MC by the time they get to the stage of drilling and firming up reserves. Looking at WCL I think that they look heavily undervalued comparatively (at around $50-60m MC from memory?)... particularly with 16 drills coming up and hopefully a dramatic expansion in reserves following that drilling program. IMO, it is only a matter of time before this one gets the recognition it deserves, it may get some attention in the short-term if Tilbrook flows meet/exceed commercial expectations, else we may have to wait until the whole drilling campaign proves up some numbers to help other people value this share properly.

My thoughts only... but I am trying to treat the current dis-interest as a good chance to get a few WCL under the belt at a pretty attractive price.



**( I hold WCL, BUL, MEL and a couple of ROG free carried after it's move last week but intend on adding more WCL before adding any more of the others).