I've been watching WCN for a year now and after acquiring some Copper/Gold Tenements in the Paterson Province there suddenly has been some high volume that WCN hasn't seen in a long time. With gold prices at a high and tenements in a quality area this could be a game changer for these guys later down the road. Seems people are already getting onboard.
From the March Quarterly
"The Paterson Province hosts several world-class deposits: Telfer gold-copper mine, Nifty copper mine and Kintyre uranium deposit. The recent Winu and Havieron discoveries are being considered as intrusionrelated copper-gold mineralisation, proximal to major NW to NNW-trending faults. Information available on the mineralisation indicates it is dense, magnetic, conductive and potentially chargeable, making it a good target for geophysical exploration, particularly given that mineralisation underlies Canning Basin sediments and is blind to surface. "
"With an increase in activity within the Paterson Region, improved geological understanding, and recent discoveries, the two tenements provide entry into an exciting area of the resources sector. "
Regarding the technical, not too much to go with at the moment apart from the obvious OBV, RSI, chart formation.. Waiting for a breakout and the creation of a new support around 0.016-0.018. Also the inverted hammer doji has bullish significance imo
WCN have $3mil in cash and assets.
From the March Quarterly
"The Paterson Province hosts several world-class deposits: Telfer gold-copper mine, Nifty copper mine and Kintyre uranium deposit. The recent Winu and Havieron discoveries are being considered as intrusionrelated copper-gold mineralisation, proximal to major NW to NNW-trending faults. Information available on the mineralisation indicates it is dense, magnetic, conductive and potentially chargeable, making it a good target for geophysical exploration, particularly given that mineralisation underlies Canning Basin sediments and is blind to surface. "
"With an increase in activity within the Paterson Region, improved geological understanding, and recent discoveries, the two tenements provide entry into an exciting area of the resources sector. "
Regarding the technical, not too much to go with at the moment apart from the obvious OBV, RSI, chart formation.. Waiting for a breakout and the creation of a new support around 0.016-0.018. Also the inverted hammer doji has bullish significance imo
WCN have $3mil in cash and assets.
Comment:
Fantastic move for WCN today. Tomorrow will be confirmation on the creation of new support at 0.016-0.018. All the best for those trading WCN.
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