Cheers Joel.
Must say, Windinne looks highly prospective, with hits as deep as 300m, though the image below does not do a great job showing this.
WA8 is almost spoiled for choice with so many prospects... reminds me DEG (not at all saying they will replicate DEG!) back before they found Hemi, when they had a HUGE.... area of tenements, with already known resources/deposits, but... only very limited capital to drill out even just a few of the many targets they had. Obviously, what changed was Hemi.... i.e. WA8 just needs to discover something that the market can clearly see if going to be mineable, and then... funding for a much larger exploration program becomes a reality (all very obvious, but.... when I look across the sea of small cap gold explorers, they all live food to mouth funding wise, which... basically ensures they can never undertake the sort of drill program that say, CMM or EMR are undertaking at their recently acquired projects in W.A).
RMS just added $125m in one quarter.... yet, they are not increasing their exploration programs, they are not J/V with smaller entities, all they want is to buy up or acquire a producing asset (They failed to grab Beta Hunt). WA8 does have a prime address, I think there is not debate about that. 2 operating mills very close, another being built, and RMS further north. All would benefit from any high grade deposit (even just of similar size to Roth (what SLR bought), with the oxides being a further interesting play on the gold price. As above, if for example, Windinne could get to a 100k reserve U/G (yes, that would require around 200k in MRE), then it could simply be sold to SLR/Golden Grove/CMM.
Hard not to be a little impatient with WA8, because unlike most, there is multiple avenues for them to monetize any discovery (other than just being acquired).
For those having a lazy Sunday and yet want to keep your mind active, this master class (1hr) by what I think many would argue is one of the greatest minds on finance...
Russell Napier. Twenty One Lessons from Financial History for the Way We Live Now.For me, it simply keeps me from deviating from my investment thesis, hard assets will outperform everything else in the decades ahead.
