Fundamentals haven't changed. As Rolf has alluded to, 2 weeks...

Fundamentals haven't changed. As Rolf has alluded to, 2 weeks ago we would have been cheering to be at the current price let alone the ATHs we have pushed.

• More news today from Paul at the AFR Mining Conference. More confidence, more exposure and plenty of heavy hitters will be booking in time with him.
• End of this month we will have more funds buying in with the MSCI Small Caps listing.
• Now only 5 weeks max until we see the MRE and that is when the fireworks will go off. No doubt there are plenty of other big instos needing to see this before they open the floodgates on both direct investment and TO proposals.
• Then mets/recovery rates some time soon after this to fill in the final piece of the puzzle.
• Sept we hopefully finally crack the ASX300 for more fund buy ins.
• End of the year we will have TO offers (plural), it would be unsurprising if there were already informal approaches or at least serious consideration by the big players, particularly with the Fed Gov's recent announcements. Paul and the team know the value of what they have. A 'once in a generation' find warrants a 'once in a generation' premium on the MC wherever that happens to land by the end of the year.

Exciting times for WA1 and all holders. I rewatched one of the first interviews Paul did just prior to listing and it is an amazing story to be part of - the only downside of holding WA1 is wishing you got on to it earlier and put more in!

For any of the critics or cynics - perhaps just give it 6 months and then check back in and we will let you know how it went. Nothing certain in life apart from death and taxes, and perhaps the momentum of the WA1 train.

Opinion only, not investment advice.