overview

Documented Resource: 38.6 million pounds of uranium, 170ppm.
Market Capitalization: 56 million AUD
Price per pound of uranium: 1.74 USD (76% share of Marenica project)
The resource is secondary uranium, which occurs earlier in ancient underground rivers called Paleochannel.
728 additional wells have not been evaluated.
This will increase the total resource in January with the final resource upgrade further.
The latest drill results were well above average.
WME expects that the level of outstanding 728 holes is at least equivalent.

Also presence of primary uranium found in the license area Marenica in Namibia. (76% owned by WME)
The primary uranium is located in 3 hills, so-called domes.
The first dome, called Philipus, in fact resulted in mineralization, but WME has decided to concentrate on the second dome, known as Springbok.
This has already been drilled. The drill results will be published in the coming weeks.

The third dome is very interesting, because it is believed that this dome has been washed out the uranium of the adjacent Trekoppje Project (Areva).
In the spring WME want to drill these domes.

WME has hinted in recent radio interview that the lookout is kept, aquirieren additional license areas.

The major fantasy of WME is not only in the ridiculously low valuation, but also due to the fact that the license area borders on Areva Trekoppje project.
Trekopje has 130 million pounds of uranium at 130ppm, and was sold by Uramin in 2007 to the French uranium giant Areva (state company) for 2.5 billion USD.

Areva has repeatedly announced plans to invest billions in the expansion of uranium resources in Africa.
It is no secret that Areva seeking uranium in Namibia, in order to optimize the production capacity of the surrounding WME Trekoppje-mine.
In addition, can provide the extension of the license areas and the Springbok results for a spontaneous surprise.
WME is also looking for alternatives big investors.
On Thursday will be the General Meeting of WME.
After this GM, WME is very likely called Marenica Energy.

The share price is at 0.075 Euro chart-secured well.