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This is a great piece on Carawine Resources (ASX:CWX) from Dr Chris Baker at Bridge Street Capital showing the exciting potential for the Paterson ground CWX has farmed out to majors like Rio Tinto.

Rio is going to start drilling there next month, so hopefully there is some positive news flow shortly after. When you look at the potential of the Victorian assets and the exciting blue sky potential from the Paterson and Fraser Range JV’s, it surprises me that CWX is still not catching much of a bid with a market cap around ~$17m. They have a quality management team who are more focussed on the assets and not on promoting as much as some others in their space.

I think this is definitely one to watch over the next 12 months.