Westgold Resources Ord Shs WGXRF

Culico Metals

[MVargas]

Culico (CLCO), the company spinout from Karora, currently has a market cap of less than $6 million but holds $10 million in cash.  In other words it is currently trading well below its cash value.

Culico's assets include a potential deferred future payment of $40 million from its sold interest in the Dumont nickel project.

What is to prevent the Dumont principal owners from offering Culico shareholders $0.20/share and obtaining Culico's interest for free?

[MaterialsMan]

Great observation!

[Rainman01]

I have a maximum share price of .89 cents approx without the 1% royalty. Dumont Nickel is shovel ready and permitted already and has major investment and technology sectors interested also. There is hydro and rail and roads near by and in a mining friendly Northern Quebec. I definitely won't be interested in selling my shares at these prices but if Dumont sells we could see some interesting

[REPS346]

Now that is interesting where can I find more info....and would u add more to your holdings ?

[Rainman01]

I would possibly add if it goes below 10 cents . So if top market with the sale of Dumont is 90 cents we could hit 30 to 50 cents maybe 1 dollar at most if we received the royalty.