This announcement is a strong indication that the M1 south UG deposit is much larger than the market has priced. Bear in mind the deeps which are being currently explored and whose resource makes up a hefty portion of inferred or probable reserves; have not yet found their bottom. This latest data suggests the deposit is much wider. A this unfolds it will be become clear that WAF owns a lot more gold than the latest resource statement defines.
I wouldn't be surprised if there's 5 million ounces there, much of it very high grade - + 10gpt. Time for a re-rate of this perpetually under valued stock. I'm buying more right now.
Ann: WAF hits 2m at 82.7 g/t gold in northern shoot at M1 South, page-13
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Last
$1.38 |
Change
-0.020(1.43%) |
Mkt cap ! $1.569B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.42 | $1.38 | $4.199M | 3.009M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14164 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 3610 | 1 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| WAF (ASX) Chart |