IMO the merger simply means that WITM will have access to grow into China. The down side is that it might mean more outstanding shares, but when investors realize the untapped resources that this may give WITM access to in China it should build more value then the dilution takes away. Ok, so to recap we have progress in Mexico assay studies that look very positive for Silver, we have surface drilling on going in Colorado, US which should produce some more positive assay finidngs in the near future for Gold, we have scheduled surface drilling to take place in Africa over the next couple of months which could help to identify just how much that property is worth down there, and now we have potential access to China.
I'm holding for now instead of pulling some off the table. I think we shall see a minor retrace of that last little run before the next full leg up. The $0.40 barrier has been tough in the past but a close above that will signal a big move to or over $0.50. I really don't think a $1 price target it all that unreasonable but I'm not sure on the time frame. Right now I think investors are having trouble putting a value on the reserves that WITM could be sitting on right now and into the future. Right now we are under a $35M company, while there are far too many mineral plays out there with far less potential selling for over $100M. I hope the company follows up with more details on this merger during the conference call on the 12th of December. I'd really like to at least hear the direction which management is leaning for that. IMO it will be a push to get exposure in a China mine, which should be enough to get us moving. Good luck to us all.
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