I find it hard to agree with Managment comments about possibly optioning off the Bisset area plays and concentrating on the base metal plays .

There is little to no appetite for these stocks in the venture market at this time.

Look at plays such as RCR, VMS and HLO all jv'd with Hudbay.... Both HLO and VMS have proven reserves and a commotment from Hud Bay to move toward production, yet both of these stocks are comatose.... I have been buying HLO recently as it is trading at the same market cap as WEL with no such resources.

HLO has also a jv on their Duport property with Everton which already has a proven resource of 300,000 oz Gold as well and a commitment to spend $5,000,000 on the project before 2012.

In spite of this HLO has very little support but is under massive accumulation.

The point being that WEL will need to ramp up exploration on it's own on their gold properties to gain any market support and funding. Funding in the basement is what HLO did with Mineralfields, now the market is gaging on that stock as they blast it out.

If any jr is to be sucessful they have to have investors that support the stock and provide the ability to fund the company at realistic prices.... otherwise they fail as investments becuase they have too many shares.

If WEL is going to make it, they have to get support to get the share price up and aquire funding at a much higher value, or they will be in the same boat as HLO when that paper becomes free trading. Alienating the existing shareholders and placees is the wrong thing to do, and that is being demonstrated in the market.

What's next, a share consolidation? They have pizzed everyone off allready anyway!

JMHO