less than half net asset value, page-6

WRL like POL are not going to get a lift on the back of NTU. It needs to make progress on its own mining assets.

WRL also has a very unhealthy situation in that some 75% of stock remains in the hands of the top twenty shareholders. These big sell downs of 200000 plus shares at 22c have a specific intent and are not likey to be place shareholders of the 25%.

We can not expect any significant improvement in the sp until there is drilling progress and good results are forthcoming.