In the past WEL has had an IR survey done on the Mike Power, see the website maps for a picture of the results:

http://www.wildcat.ca/viewmap.php?AREAID=6#

On the map you can see the 3 drill holes that were done on the project. They didn't show anything substantial in the results, but if they had done more work on the property before drilling, they might have made different choices on their drill targets.

Match this with the LIDAR survey and perhaps they could start looking at the ground in a different light when resources are available to be spent on such a program.

As much as I would like to see WEL get the Poundmaker back given the potential, the resources that the JV is providing WEL are much needed. Without those, and even with those resources, we face dilution, as is expected with any exploration company that has properties with any kind of potential.

I like the idea of getting a 10 bagger out of this one, even from this point, but once we start diluting, getting any SP appreciation will only move our market cap so much.

The trick is to sell when you have made enough. IMHO

I have made a double on my VMS, but now I have to decide if taking some off the table is a good thing given the history of that company, and all this without ever seeing a drill result in this year. Maybe I am just being chicken poop on that, but I have lost enough on other companies to know that I should take profits when warranted.

Andy