By my calculations WC1 current net tangible assets are valued at...

By my calculations WC1 current net tangible assets are valued at AUD$0.1339/ share (based on the 95,553,554 shares outstanding).

If we include the total outstanding plus options in escrow we get; $13,009,762 current equity plus $5,180,500 through raising further options divided by the 116,233,554 fully diluted shares = NTA $0.156/ share.

Considerations are obvious; what is the company burn rate per quarter to retain there tenements/ claims? Staff/ Admin costs and other costs pertaining to drilling?

If WC1 chew through $6M in the next year drilling, will the JORC estimated resources be a x 1, x3, x10, x 100 return on assets in situ?

Being conservative, sub $0.13/ share looks appealing to me.

				Consideration (AUD$)
1	Outstanding Shares	95,533,554
2	Options	9,500,000	$0.250	$2,375,000.00
3		3,500,000	$0.250	$875,000.00
4		1,000,000	$0.200	$200,000.00
5		1,000,000	$0.215	$215,000.00
6		1,000,000	$0.230	$230,000.00
7		2,400,000	$0.320	$768,000.00
8		2,300,000	$0.225	$517,500.00
9	Total Shares	116,233,554		$5,180,500.00

This does not take into account any in situ REE @ Salazar, and potential Lithium @ NT, and Nevada.

Also does not take into account potential JORC estimates @ Bulla Park, Cawkers, Nantilla, Mt Jack, Hermit Hill and Nevada

This is why I continue to accumulate

Financial Data Presented are my own personal opinions, and does not constitute financial advice, contract and or promissory estoppel.