RE:RE:RE:RE:RE:RE:News out! As predicted resistance at $1350 has been shattered and will now act as support for the next bull rally in gold. How high can it go is a good question but $1700 is possible this year and that sort of price range is going to put top class juniors such as GWM in the forefront for new investment. All the ingredients are there with drilling probably started at Clarence with two drills chasing those very high gold in soil anomolies. Previously there has been an almost 100% correlation between the soil samples and drill results which is a fantastic asset to have for exploration because that is rarely the case looking for gold. Should be getting a nice stream of results for the rest of the year leading to a new resource estimate which is going to be way higher but will be determined by the drill results.
Also new resource estimate from Estrades coming up soon and that should be very tasty. There is always the possibility of selling Estrades and using the funds to drill Clarence really hard or simply carry on and sell the whole lot within the next 18 months. Either way minimum price target is $1. If drilling goes well $2 is a very realistic target especially when gold goes over $1500 as a load of new investment will be looking to enter the gold sector.