Since listing in Feb 2022.
Regardless of the price insiders continue to chip away with $180,000 in stock purchased, while selling zero shares.
Not a single share has ever been raised under $1.40 in this stock.
Any sellers selling to you at this level are taking a loss.
Agnico in for $14m at $2.50 ave. They were diluted in the last round but hold a right to maintain their 17%. If they go to market to get their couple of points back, they will buoy the stock very, very quickly.
Based on my math of what the resource estimate witg grow to by Q1 2024. You're buying gold ounces in $WEX for $10-$12.50/oz.
Eric Sprott believes juniors with mineable ounces in the ground deserve $100/oz. In 2020 it was not uncommon for juniors to price at $50-$100/oz in the ground.
This 2023 Q4 is feeling an awful lot like Q4 2019. Except instead of funding Covid, now it's time to print to go to war. Gold loves war. It's the worlds favourite fear trade. 2024 shaping up to be a breakout year in my opinion for gold bulls!! New all time highs coming! Which means a Junior like $WEX will probably 3-5x off this floor, if not more if the drill bit really performs!!
Goldnboy1