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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 a Canadian public company focused on acquiring, exploring and advancing gold projects in the western United States. A Nevada/Idaho gold explorer, Western Pacific has a collection of gold projects and an exceptional team moving the projects and the company ahead. One of its key projects is Mineral Gulch, formerly Black Pine mine, a past-producing gold mine with over 500 Koz. of historical gold production. |
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 Analysis
James West, Midas Letter (10/2/11) "Western Pacific Resources Corp. has a support team behind it that raised significant amount of capital in the post-2008 doldrums when nobody could raise a dime. That, in combination with the current management team headed by Warwick Smith and Eric Saderholm, means that the company will never go wanting for capital. So, with multiple shots at a discovery—one imminently—Western Pacific remains a Midas Letter favorite going forward."
Jay Taylor, Gold, Energy & Tech Stocks
(4/8/11)
"Western Pacific Resources Corp.'s Mineral Gulch property is considered to possess typical Carlin Trend geology. As such, the prospects for outlining a multimillion-ounce gold deposit would appear to be reasonably good. The justification for adding Western Pacific to our list of recommended gold mining and gold exploration companies is based primarily on: 1.) The prospects for finding a major high-grade carbonaceous gold deposit at Mineral Ridge and 2.) The company's still-miniscule market cap of around $15M.
But that's not the only reason I like this stock. . .there appears to be approximately 500 Koz. oxide material that was left behind by Pegasus and Noranda. In fact, the company's drill program is about to get underway and will include 33 holes over 10,000m and will in part seek to define the limits of the oxide material. So there could be more than 500 Koz. oxide material from which gold may be produced profitably, especially given the current gold price. On that basis, I believe the downside risk for this company with its current miniscule market cap is limited. But the company also has several other highly prospective targets in Nevada that could easily, in my view, more than justify Western Pacific's current sub-$20M market cap."
