RE: RE: let's see some news hereMarkets recovering as we speak, all base metals up, good data last week, a lot of money sitting on the sidelines waiting to enter. Waiting for Ellesmere 43-101. Once they outline the resources, the panic buying sets in, watch this one go. Here we have a 10bagger min.
Investment Note:The Nunavut properties have the size potential to be a huge companymaker for WER.V. The Fosheim Peninsula property is the one where MiningMarketWatch has confirmed there to be the existence of a historicreport from PetroCan suggesting a 20 billion tonne coal resource (nonNI 43-101 compliant) on the property. The property was drilled in the80s by PetroCan. Hunter has also been on the property doing somesamples and the plan from here would be for WER.V to do a 43-101, thiswould be accomplished by going through old mapping, trenching, andsampling, then taking a drill up to go 50m deep into the coal seam. Thecoal seams are ~6km long and can be seen from surface. Once theresource is proven WER.V could bring in an end user.
The fact that such a sizeable resourcelikely exists for the benefit of WER.V shareholders and that thereappears to be a viable way to get the coal to market affordably,investors would do well to establish a long position in WER.V now. Inour conversations with Mitchell Adam, the President and Director ofWestStar, he believes getting a ship into the peninsula and then intoeither the German, Asian, or Korean markets is a realistic scenario towork towards and would likely involve participation of the end user.Mitchell Adams told us of how he has been in discussions with variouspossible end users