WA1 3.00% $20.66 wa1 resources ltd

I'm happy I was wrong about a week or 2's correction as well...

  1. 8,725 Posts.
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    I'm happy I was wrong about a week or 2's correction as well from a couple of days ago.

    I still don't understand those happy to sell for a takeover a whatever level. When do you think you will ever come across a stock like this again with enormous multi decade potential? It's not unlike finding an Olympic Dam at surface (not the 350m -1350m deep actual Olympic Dam), or the Kalgoorlie super pit deposit from surface for the first time, or Mt Isa, only with a rarer type of mineralisation than any of them, and a mineralisation that the entire future of human civilization is based around..

    It's taken 70 years to find another Niobium deposit with grades equal to Araxa. Despite others finding Niobium near us, there is no indication on any of the finds of anything like Luni, except for the 2% interval of ENR, that is most likely a small extension of Luni.

    I would expect lots of finds of Carbonatite deposits as more companies are now looking for them, plus a lot of finds of deep, large original fresh mineralisation ore bodies, but large weathered high grade ore bodies, very unlikely. I don't put high odds of P2 finding good grades either, for exactly the same reason, these thick weathered ore bodies have usually been eroded away.

    The odds of finding more areas of high grade Luni type mineralization are IMHO across the Endurance fault line, with a break from mineralisation on the fault line itself due to deeper hydrothermal waters taking away the mineralisation. To me that means the most likely company to find high grade mineralisation is WA1, in one of the next 'extensional' drilling campaigns. All IMHO of course.
 
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