uranium picking the right stock..., page-3

Bambrough's advice for picking likely emerging uranium producers sounds tailor-made for WME. When Gold Fields drilled 32 kilometers of shallow holes, they obviously had good enough results to encourage them to expend the resources required to progress that far during a period of declining uranium prices. Our company has located most of these holes and I quote"successfull re-logging of these holes will result in the company not having to re-drill numerous holes for which it presently has no information.MAJOR cost and time savings will result."
This historical work already completed gives the company a huge headstart, especially during the current period of hectic exploration activity with huge demand on suppliers of drilling rigs and everything else a determined u miner needs Another very big advantage lies in the fact that the metallurgy labs are overloaded as well, and we should be receiving results from the down-hole spectral gamma probe months(or a year) ahead of any results requiring a drilling program.
The company is currently logging 10000 metres of these old holes, and has stated that this program is to be completed during the june quarter, and results "reported progressively." My ownly problem with that is that I think we're now OVERdue for some progressive reporting. How long does it take to drop a spectral gamma probe down a 20 metre hole?
On the subject of the discussion of why our solid little future uranium producer was punished for putting out results confirming that we have the goods, I'd like to point out that when you surf through the charts and price history of the u players, most, starting from paladin down, have had at least 20-30% sliced off them recently.Erongo energy suffered the same fate as wme yesterday and today for similarly confirming their ground is hot. A lot of this probably has to do with the short-term nervousness of the market and the fact that the general atmosphere regarding u announcements has become slightly more sober and cautious. As well as the fact that our sediments appear, from what little information is made available to us humble shareholders, to be relatively shallow (deepest Gold Fields hole found so far 56.9 metres)compared to those of some other companies deposits. I agree 100% that as long as our grade is economically viable, and enough of it, it should actually be an advantage, at least in the initial start-up phase, to begin mining and extracting u from material near surface. The main advantages to mining a deep, thick deposit are from economies of scale, operating in a smaller area and potentially having a larger resource in relation to each square metre of surface area.
I've noticed that when the company raised $1,900,000 in Dec. '06 the shares were placed with "clients of a number of brokers", at 20cents each, with 2 oppies for 3 shares. The margin at current shareprice is pretty tight for sophisticated investors, but maybe a large holder of these shares needs money and could be dumping, capping sp?
To my eye wme is the cheapest entry into a potentiall near-term producer on the market. It has the experienced management, the deposit, the history, the headstart, the goods.The ONLY thing it lacks is upward movement, and with everything else it's got, that has to come soon.


The cheapest house in the most expensive street gets re-rated with a rennovation.