WA1 Share Price, page-1003

It should be noted that the Nb grades in the top section of the first P2 discovery hole are actually quite low. Between 74m depth and ~140m depth, the Nb grades are only 0.05 to 0.2% Nb (see discovery announcement). The better grades start from 140m depth thereon (which is the downhole depth from where the company calculated the discovery 0.6% Nb average intercept).
This info needs to be considered re the speculation whether a supergene horizon might exist - there is nothing in the assays already to hand to suggest it is there. It is purely a hypothetical suggestion by the company - unless they have seen something in the drill chips. But the visual element seems unlikely as they didn't even bother to submit the samples for assay.
If one is hanging on to this stock as a short term trade which hinges on the 0 to 74m results, this needs to be considered.
Personally I will be a holder until at least the drill results from the next round of drilling into P2. Which might mean hanging on through some short term downside.

Gosouth