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$3.86 western areas limited

Thanks Bobsa, I wouldn't say more knowledgeable but definitely...

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geofizz86

139 Posts.

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19/11/17

23:12

Post #: 28935194
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Originally posted by Bobsa ↑

Not necessarily, WSA mkt cap many multiples of SGQ. Companies only need to go into TH is BOD believe results would have a significant impact on there business, c. 10% either way.

BOD may have felt 25% free carry of one good hit doesn't meet this criteria. Think BHP, they don't even announce most massive sulphides they hit until the quarterly. After all, one hole doesn't make a mine, but it can make a huge difference to a microcap.

@geofizz86 seems more knowledgeable than most and definitely me about Mt Alexander, and he believes it is the deep hole in the middle of this map of the proposed drilling on E29/638.

View attachment 836420

Guessing we will know early next week, either way.

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Thanks Bobsa, I wouldn't say more knowledgeable but definitely interested!

I have revised my assumption on the drill hole direction by the way, I think reading again that they are testing under the base of the SAMSON high, towards the north. The azimuth of the hole reads North facing at a -65 degree angle.

I guess we will all find out tomorrow. Best of luck to everyone!
Geofizz.

WSA Price at posting: $3.05 Sentiment: None Disclosure: Not Held
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0 Great analysis

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