Well mate, you have to ask yourself a question like has this company discovered anything significant that will translate into cashflows any time soon, say in 3 years, to justify the market cap of $136m as of today? As far as I can see, they don't have a JORC report on any of their tenements to justify current valuation.
In three years time the cash reserve will be gone and they will still be digging. I'll wait for 11c still.
Just my thought.
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western metals limited
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