@Dangero ... "But could the announcement of the indicated include a PFS ?"
No it couldn't.. Think of what has to happen with a PFS. It's a study done by a range of independent expert companies, that all need to know what they are dealing with and co-ordinate with each other during the process.
It's not something that can be banged together in a couple of days, as each group involved with their part, needs to get feedback from others doing the work to readjust their part in the overall feasibility.
Think of the possibility for leaks and insider trading with a range of separate groups involved, with a hidden/secret MRE.
I've seen scoping studies being done on just inferred resources, sometimes they are stopped mid study as further drilling doesn't justify the spending, but no, not feasibility studies.
What I'm hoping for apart from a great MRE is for a plan going into the future with approximate dates of feasibility finalised, deals/offtakes, financing organised, then building, and completion of mine ramp up type timeline. All started with a DFS to show we are serious about turning this into a mine...
Timing of MREs, upgrades of MREs, feasibility then financing and building etc are a process, that al legitimate companies, with legitimate valuable resource finds go through.
Whenever you see a junior start to cut corners on the process, do things out of order, etc, is time to run out of that investment, as they tend to be shams or never have a viable resource..
As legitimate highly valuable resources go, this is a fantastic find based on all the results, so expecting management to go outside the normal processes is just not on IMHO, and extremely foolish if they do. Patience little one, patience.
-----
BTW if I win powerball on Thursday expect the SP to go up a lot in the next few weeks as I try and grab a couple of million more shares cheaply....
- Forums
- ASX - By Stock
- WA1
- General discussion
WA1
wa1 resources ltd
Add to My Watchlist
5.03%
!
$15.02

General discussion, page-16308
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$15.02 |
Change
0.720(5.03%) |
Mkt cap ! $1.025B |
Open | High | Low | Value | Volume |
$14.75 | $15.38 | $14.39 | $2.821M | 187.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 252 | $15.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.24 | 23 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 356 | 16.060 |
1 | 22 | 15.920 |
4 | 103 | 15.770 |
3 | 509 | 15.760 |
6 | 468 | 15.520 |
Price($) | Vol. | No. |
---|---|---|
14.100 | 127 | 1 |
14.250 | 9389 | 14 |
14.260 | 4469 | 3 |
14.350 | 20 | 1 |
14.500 | 2442 | 3 |
Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
Featured News
WA1 (ASX) Chart |