The Gold Report
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Experts Commenting on This Company
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Western Pacific Resources Corp.TICKER: WRP:TSX.VWestern Pacific Resources Corp. is an exploration company focused on discovering and advancing gold projects in the western United States. With approximately $2M in the bank, management is looking to build its project portfolio by targeting advanced, production-ready gold properties. The company's current flagship project, Mineral Gulch, is a past producer in Idaho; the former operators produced over half a million ounces of gold at an average head grade of 1.5 g/t in the 90s. Western is currently investigating a path to production through reprocessing of the tailings, while reviewing current and historic data on the property. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Comments:
The Gold Report Interview with David Skarica (1/16/13) "Western Pacific Resources Corp. is an exploration company with a mine from Pegasus Gold Inc. in Idaho. The company has solid management. The property has excellent infrastructure and Idaho is a politically safe location. In terms of financing, Western Pacific has $2M in the bank. When it hit its low, $0.10–$0.11/share, it had a $3M market cap with $2M in the bank. You're getting everything else in the company thrown in for free. Even after it rebounded to $0.20/share, the market cap was still only $6M. I would call that stock an exploration company even though its flagship property is a past producer. Like many other stocks I watch, it will rise with the overall market. A typical recent pricing pattern for junior stocks would be to go from $0.80/share to $0.20/share in this weak overall market. But when this market turns around, many of those stocks will rise back into the $0.50–0.60/share range. That would be an example of the Maximum Pessimism Trade." More >
Lawrence Roulston, Resource Opportunities (10/19/12) "Western Pacific Resources Corp. has initiated an economic evaluation of the historic gold heap-leach pad at its Mineral Gulch project, in southern Idaho. . .historic data from the previous operator, together with recent work by Western Pacific, has outlined several hundred thousand ounces of gold in near-surface occurrences. The proposed operation to reprocess the ore on the leach pads is seen as the first step in reactivating the Black Pine district."
Greg McCoach, Insider Alert (6/29/12) "In my opinion, further exploration drilling at Mineral Gulch will greatly increase Western Pacific Resource Corp.'s resource and higher gold prices will makes things economic enough to recommence operations at some point. . .hang in there with this one, as I believe plenty more ounces will be discovered at Mineral Gulch once things can really get underway."
