WA1 1.66% $14.83 wa1 resources ltd

ASX Niobium Comparisons, page-73

  1. 9,116 Posts.
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    The idea of comparison is a good one, but the companies have to have drilled holes to be a comparison. The starter of this thread is and has been trying to compare a company with 80Kt of mineralisation with WA1 which has over 53M tonnes of above 2%.

    The company @jmac is trying to promote hasn't drilled a single hole, so should be excluded. DRE has drilled some hole, but has relatively low grade spread over an area, it seems to be a dyke of small fissures.

    A couple of other companies like RCR have been drilling but not announced anything sent for priority sampling, so probably dusters. Even our next door neighbour that is the most likely has gone quiet on the announcement front about sending anything for priority sampling.

    WA1 has definitely gone quiet on the announcement front as well, but we have the grades and ore body already, plus plenty of cash in the bank, so no need to raise awareness with more of the same from infill drilling. I'm sure when there are extensions to the mineralisation and higher grades on average than the 3% over 80 metres, or 4% over 60 metres, or 6% over 30 metres in wider areas they will let us all know.

    WA1 announcing  another 4 or 5 holes of 40 metres at 2% is pretty 'meh' compared to what we already have, but no-one else is coming close to that type of drilled hole over wide areas, so adds no value in management announcing it. Every other company would be screaming from the rafters if they had that type of grade and length over a couple of hundred metres.

    We have those grades over kilometers in length, and up to a kilometer wide!!

    Currently, apart from CBMM, no-one has anything close to comparable to our resource, or drill intercepts over a wide area!!
 
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