WMT western metals limited

Results from Afirca are not clear when they will be presented. I...

  1. 270 Posts.
    Results from Afirca are not clear when they will be presented. I suspect end July 2007.

    However after reviewing their investor presentation the following info may be helpful to you in relation to news coming end of May 2007

    Silver/Lead/Zinc in Queensland Australia–FalconTM(airborne gravity) survey results due end of May2007

    Gold in Queensland Australia–Airborne magneticssurvey results due end of May2007

    Uranium in Queensland Australia–Airborne radiometric survey results due end of

    Scenario 1 : we score a positive result on only one project , I expect a share price .45 - 50 cents range.

    Scnerio 2 : we score a positive result on two projects , I expect a share price of .50 - 55 cents range.

    Scenario 3 : we score on a positive result on all three proejcts , then we are definitely above 60 cents if not 70 cents.

    I expect WMT management to strategically deliver the info to the market to ensure we reach 60 cents.

    Scenario 4 : On top of scenario 3, we get positive news from Africa and with the extra land holdings we will hit $1.00.

    Scenario 5 : On top of scenario 4, we get positive news from Colorado and we will be at $1.50 late September 2007.

    The more and more I read the investor presentation it confirms one thing we are not dealing with a junior with a one hit wonder. On the contrary this is mining house in the making and within 3 - 5 years, we will be singing its praises.


 
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Currently unlisted public company.

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