Currently, WSRC is a multifaceted natural resource company focused on applying its $40+ million in water assets to “beneficial use” for irrigation and cultivation of high-value industrial hemp with which to manufacture “green” building products for the construction of affordable homes. This explains the company’s involvement in, and acquisition of associated “green” technologies for construction, energy, and water conservation, as well as alternative and renewable off-grid power sources.
While these and other eco-friendly, high-yield projects are its focus, WSRC remains actively engaged in its gold, silver, and other precious mineral reserve projects as a hedge against global currency fluctuation.
In fact, the latest price surge might be related particularly to its gold and silver business. On June 22, WSRC announced that it entered into negotiations with Silver State Mining Group, Inc (SSMG) to buy 70% of its common stock. SSMG owns 49% of the Sage Hen Mining claims in Nevada totaling 640 acres. The Sage Hen claims are located adjacent to the Relief Canyon Mine in the Oreana Tend. In addition to gold and silver, the enhanced recovery system assays have indicated platinum, palladium, and rhodium.
WSRC and SSMG intend to build a 100 ton/day plan and then increase that to 1,100 tons/day. He estimated annual net income from the 100 ton/day and 1,100 ton/day operation is $269 million and $3.2 billion, respectively.
If those income figures materialize, we can easily see how the share price of WSRC hit several dollars.
