From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Portugal drill cheer for W Resources

By Robert Tyerman | Tuesday 11 August 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Tungsten, copper and gold play W Resources (WRES) claims to have discovered a high-grade open-pit prospect and a ‘significant’ north-west extension to its Regua project in northern Portugal. The unloved AIM company, whose shares have fallen from a 12-month high of 0.83p to a share price of 0.27p now in a dismal tungsten market, cites drilling results for north-easterly holes including 3.07metres with 0.56% WO3 tungsten trioxide and 2.2 metres with 0.36% WO3, as well as encouraging indications from the centre of the project’s orebody showing 4.3 metres with 0.836% WO3 and 6.74 metres with 0-75% WP3.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 11:50:43