A new road for WCN
Updated
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.
Note
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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