Q: Can I have your assessment of the viability of this company?
5i Research Answer:
WHN's small size ($62M market cap, even with a 128% one-year gain) adds some risk. But it has financed before, and the sector is hot, so we would not see viability as a big concern. Still, as a developer, it has no revenue, losses and negative cash flow. Current cash is $6.6M net (it just raised $3M). Insiders own 11%. Recent drill results were decent and there is potential here, but it is long term potential and ongoing capital is going to be required. It certainly should be considered speculative.