Investors with a penchant for gold and energy plays should consider MWR on the VSE. A J-V with Santa Fe Pacific Gold, soon to be Homestake, on the Company's Montana gold property bode well for the future. MWR has 270,000-280,000 ozs AU with several areas yet to be explored, and a potential bonanza deposit at depth. Milling capacity local to the area should augment early production and lower operating costs. MWR also holds 30% (15% APO) in the Bacon Island gas prospect, located near Stockton, CA, which could host upwards of 200 BCF of natural gas. Cash flow from 3-4 wells could support a $12 - $14 stock, compared to recent trading under C$0.30. The combination of a strong gold property with a major partner and potentially huge cash flow from an energy play make MWR a buy in my book!!
Dale Schwartzenhauer |
