Not much action here thought i would share an opinion from another board. Looks like a multibagger
"An unnoticed gem here It was just by chance I came across WKM a while ago put it on my watch list and forgot about it until recently. It is very rare that you can find such and undervalued company and I guess I should be thankful.
What really drew me to this first was the management team all of whom have ample experience developing mines. And you literally can not get a safer jurisdiction especially right now. When I first was the 450 mil shares outstanding I was going to pass until I took a deeper look...
investment funds own 70% of shares out and = 315 mil and they have been funding this all the way since the beginning!! which leaves us with 135 mil shares-12mil owned by mamagement who have been buying huge leaves about 110mil for us retail folk.
now lets talk about the goods! I looked at my past purchase Pure Gold mining
Pure gold-----After-tax NPV5% and IRR of $390mil CAD 283USD million and 51% AISC $770USD. fully diluted shares 436mil ..............market cap 452mil. insiders own 30%
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"An unnoticed gem here
It was just by chance I came across WKM a while ago put it on my watch list and forgot about it until recently. It is very rare that you can find such and undervalued company and I guess I should be thankful.
What really drew me to this first was the management team all of whom have ample experience developing mines. And you literally can not get a safer jurisdiction especially right now. When I first was the 450 mil shares outstanding I was going to pass until I took a deeper look...
investment funds own 70% of shares out and = 315 mil and they have been funding this all the way since the beginning!! which leaves us with 135 mil shares-12mil owned by mamagement who have been buying huge leaves about 110mil for us retail folk.
now lets talk about the goods!
I looked at my past purchase Pure Gold mining
Pure gold-----After-tax NPV5% and IRR of $390mil CAD 283USD million and 51% AISC $770USD. fully diluted shares 436mil ..............market cap 452mil. insiders own 30%
WKM---------US$200M NPV5, 65% IRR (100% project, after-tax) US$709 AISC. Fully diluted 439mil with insiders owning 75% shares out!! market cap...........46mil!!!!!!!!!!!
with price diffencial between NPV we should be valued currently at least 7-9 times current SP excluding NSR royaltys.
You can not find a company that is more closely tied to shareholder interests. GLTA!!! huge upside ahead
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