short term trading - week starting 4th march, page-19

STT: Entry WCN FA
Nickel/Copper WA

Here is one for you J8

IMO this one is not fully understood with a lowball 3million ASX shell company MC fully dilluted. Very undervalued for its phycicall and speculative value with many catalyst which could move it very easy and fast in the next few weeks.

The drilling was orginally in feb but is now starting next week here are some facts:

Fully funded drilling programme coming up consists of 2000m RC drilling at mt gordon and lake percy. 2x of the targets are on the same basal contact as the maggie hays find. This drilling is the most prospective to date straight from the horses mouth (managment). Some good looking geochem results over or adjacent to all the Strong EM targets. 400-1200 PPM Ni and 300ppm copper and SIR's was 350ppm Ni over the 6 initial targets that found nova.

Nearology to maggie hays 20KM away massive nickel find.

Ex-lion ore statements stating that air core drilling was done on our lake percy land land and led them to confirm a diamond drill programme. This programme didnt start due to tighteing budgets and the focus on maggie hays down the road which formed the same tennement at the time. I presume the records were good as the diamond drilling was not on a whim.6m at 1.7% Ni was recorded on the air core drilling which is exciting for this champaign to find the epicentre.

All our land is ex-lion ore a international commodity giant and we are first to explore since them with fantastic results from the little work they done which holds great promise for us.

2x Tennements on very close proximty to cabridge and these are 100% owned. So we are exposed to some degree if any success eventuates at cambridge SGQ.

1x Tennement which SGQ have paid to gain 1st priority to out of this we only increase our allready huge exposure to SGQ and on its own doesent ever justify the current SP.

To clarify this further WCN have been given 350 000 SGQ shares and 70 000 in cash all for just giving up first postion to to a tennement to be granted from the WA goverment.

Newexco consults consulted with our managing director on the latest targests which are amongst the best they have ever done. Newexco also consulted on the nova find wit SIR

Thorney holdings are a major shareholder