OMC has 6,200t U ..................... MC = $208 million (@...

OMC has 6,200t U ..................... MC = $208 million (@ $1.44)
WME has 6,400t U (80% share).... MC = $74 million

So giving WME a similar MC of say $210 million gives a SP of:

$.75 cents

Remember though, the resource grade is low ... can they improve it with higher grade zones? Will they end up with more or less than the 6,400t, after allowing for JORC requirements & an appropriate cut-off grade?

Realistically then I am looking at a $50 cents target for WME in the medium term. Of course more positive news could change that.

cheers