define a very long time? A few years? that's not that long considering a large number of explorers on the ASX were founded in the 80s/90s and are still going today.
Also I think they are clearly building a new value creation strategy which is quite obvious if you look below the surface for 5 seconds. we saw quinton hennigh join last year which who's a big name to the North American market. ontop of this we listed in North America, which further fits the strategy as the North American market gets more excited about Alaska than the ASX does. They've also proposed a merger with a company with a Victorian gold asset which are also coincidentally is ALSO very hot in North America right now as well. Further they have a North American institution backing them. does it really sound like they're just sitting on their arse?
even all that aside why don't we just concede the point the nature of exploration is capital raising. I think it's fairly obvious WRM are out to succeed and not fund a lifestyle...
WRM Price at posting:
61.0¢ Sentiment: Hold Disclosure: Held
