I have been following all of the discussion on the WEL board and it is a little confusing to somebody with my limited knowledge of corporate structure, JV's and optioning of leases etc. I bought my WEL simply because it is near to SGR and I liked the price. I bought in at $.06 and my wife added some at $.09 last week. I still like the play, however because of the complication I really don't know what I am getting. Maybe the suggestion of concentrating on the Gold at this moment in time might be a good one, as we all know when an area heats up it sometimes heats up quick. Hot fires can burn a lot of fuel in a hurry and will die out quicker. I am not saying that I believe SGR is going to be a flash in the pan as I believe they have a good future, however WEL is well positioned to take advantage of what is going on. Management should think more about stealing some of SGR's thunder and raising a little cash at a much higher price. Finding some copper or zinc or whatever might interest the chinese, however a base metal mine takes even longer to bring on line than a gold discovery. A company I have been playing with in the past CHD $0.24 has discovered huge copper reserves and has started feasibility studies etc. Maybe 2012 or 2013 for a possible mine. The fire is burning hot in Rice Lake for gold , take advantage of it.

Rookie