STTCOMP WRM FA Long
WRM has been around for a while and not done much, but theyre cashed up and about to start drilling on some new targets. at tthis price its a decent STT
-About to commence100:1 consolidation (29/7)
-Directors &substantial holders buying pre-consolidation
-Completion of a$15.85 million capital raise subsequent to the end of the Quarter sees theCompany well-funded to pursue a successful discovery.
Drilling program:
First, drilling willtest a number of immediate targets to assess the potential for shallow economicgold mineralisation + valuable geologic information
Second, the drillprogram will include a series of deeper holes to test for potentiallyhigh-grade gold mineralisation at depth.
-first phase diamonddrilling program is scheduled to commence prior to 1 August, 2020
| Last Price | .007 |
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| 1 | Market Cap (MC) | 43.5M @ .006 50M @ .007 |
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| 2 | Total assets | 21.1M |
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| 3 | Total liabilities | 2.63M (1.43 current, 1.2 non current) |
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| 4 | Cash on hand | 15.7M |
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| 5 | Shares on issue (SOI) | 7265M (pre consolidation) |
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| 6 | Enterprise value (EV) EV=MC+TotalDebt−Cash | 37M |
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| 7 | Cash at bank | 2.79M |
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| 8 | Est. Spend next Qtr | Current 370k cash burn per qtr Next qtr start drilling |
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Directors &Management
Peter Lester:Non-Executive Chairman
Matthew Gill:Managing Director & Chief Executive Officer
Jeremy Gray:Non-Executive Director
Stephen Gorenstein:Non-Executive Director
Shane Turner:Company Secretary
Rohan Worland:Exploration Manager
Dr. Quinton Hennigh Appointed asTechnical Advisor
https://hotcopper.com.au/threads/ann-dr-quinton-hennigh-appointed-as-technical-advisor.5459982/
"Dr Hennighsaid that the Last Chance target is potentially one of the largest and highestmagnitude gold anomalies he has ever seen."
Overview ofprojects:
Last Chance goldtarget, RED MOUNTAIN PROJECT, located in the Tintina Gold Province of centralAlaska - 100% owned
secure a strategicregional tenement position surrounding the Company’s Last Chance Gold Target.An additional 375 mining claims covering 240km² (93 square miles) were staked.White Rock’s Red Mountain project now comprises 1,298
mining claims over798km² (308 square miles).
Mt Carrington,northern NSW - 100% owned
currentlyundertaking an update to the PFS to reflect more recent gold price trends aswell as current capital and operating cost projections to confirm the enhancedvalue proposition
March 20 half yr accounts & projects overviewhttps://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSTYP4Am%2FyRWZt%2BV0ke92GA%3D%3D
