The signing ceremony with the korean consortiam backed by Korean government is due to take place in Sydney today.
Koreans injecting up to $5m to explore WCN lease with further deals possible in the near furture.
Company capitalised at around $2m and has over $4m cash in the back. Tightly held.
Under their business plan WCN can hold onto their cash and have the majors do the work for them. Any successes could have a huge impact on WCN. IMO looks cheap.
von.
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