STTCOMP WTM FA LONG
Waratah minerals
Share price 40c
Market Cap $75mill
Waratah are currently drilling a potential company making gold-copper porphyry system in the Lachlan Fold Belt. A stones throw from Newcrests Cadia mine which is one of Australias biggest and most profitable mines.
With $7mill in the bank after their recent cap raise and some big names on the register, Waratah are in a good position to make a tier 1 discovery after their last drill campaign showed very positive signs. Big broad intervals of gold, increasing at depth and also starting to see associated copper mineralisation.
Current drilling should have results starting to trickle in any day now. Obviously anything can happen in exploration and nothing is a sure thing but there is plenty to like about this one in a hard market for speccies.
Chart uptrend still looks in tact and could bounce off the trend line
