Ann: Further High Grade Gold Intercepts at Morning Star Gold Mine, page-11

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aurifice

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218

09/08/22

18:51

Post #: 63017464
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Originally posted by Leroy82: ↑

Wow, so much positivity here from the non-holders.
As far as I can tell WRM have done more drilling and targeting than any before them. They have high priority areas that they will target first. If the ore coming out is high grade and the method produces low waste, it may be economical when compared to previous attempts.

I'm still waiting for @mattyedw to answer my question from yesterday regarding the timing of the 'increase trade volumes' and what this will actually do for triggering the con notes that haven't been voted on yet. Maybe I'm missing something, or maybe my question doesn't suit the narrative?

There's no doubt that WRM have their backs against the wall, but I'm invested and looking for a potentially positive outcome. Interested also to know whether triggering con-notes are a definite final nail in the coffin for any company in this situation, or whether there is still scope to turn it around?
Yeh yeh, I know, others have tried previously, etc etc, but's that's not the question I'm asking here.

There is no doubt that some of the veins are narrow, but they are also returning far higher grades than many other operational mines. The question now is how well can they manage the operating costs vs gold production once it starts.

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You really need to read, comprehend and inwardly digest the data put forward by those who understand mining and have experience with these types of deposits.
Anyway - it’s your money Ralph.

WRM Price at posting: 9.2¢ Sentiment: Sell Disclosure: Not Held
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