Take A Closer Look Hello all,
If you understand what it means Globally when the Chinese have announced their long-term, high-grade, Iron Ore control percentage goals are for the next 5-10 years (50%); and if you understand WAI's property location, and quality of ore, and cost of extraction numbers, and the quality of their government relationships there; and if you realize who the main investors are in WAI, and their firepower, reach, influence, and success history in finding elephant assets; and if you understand that they are now funded to the tune of $30 million (when juniors all over the place are going bankrupt right now), and more majors are interested in participating; and if you understand this CEO's abilities and ethics, and that this is NOT a pump and dump Howe Street deal, and that "time will tell" on the immense "quality" of their assets that they actually control, and their proximity to Rio Tinto, BHP, Vale (Vale is not going anywhere) and the multi-billion dollar Chinese infrastructure investment commitments to this area...how can you not like the two year forecast potential for this stock?
All the short-term Howe Street penny stock pumper and dumpers will disappear, and then the quality institutions will take over the buying and drive the share price to a level this World Class asset play will command. Watch and learn, watch and learn...this management team wants nothing to do with the day traders and short term hypsters. This is one of the best long-term holding stocks I have seen in 20 years...high grade Iron ore in West Africa is the last big "Gold Rush" you will see with the Chinese leading the charge and their economy is set to quadruple in the next 10 years...the institutions just need the asset report and metalurgy repoirts before they can start to really step in. It would take nothing to take this stock to 50 cents this year if the metallurgy is exciting...I am betting it will be.
Yes the resource markets are at “35 year lows”, but that is when the smart money buys...look at the price of this stock....its so unbelievably undervalued its unreal. What a gift this company is to my portfolio... I guess the real question is: With the Earth’s population doing what it’s doing (growing out of control), and the size of the growing massive middle-class in the Developing Countries like China and India, who want all the products we do, do you think the Global demand for hi-grade Iron Ore will go up or down over the next ten years?
Happy investing. OracleVision