WA1 7.20% $14.60 wa1 resources ltd

Ann: West Arunta Project - Significant Enrichment at Luni, page-149

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  1. 154 Posts.
    lightbulb Created with Sketch. 60
    Someone made a suggestion that people are ramping this stock in here - LMAO. There are more people speaking it down than up.

    For those who are down ramping this (which I dont believe your opinion has any baring on the SP) - explain the findings of WA1 to date and explain logically how this is $65m EV? We see Li stocks work $100m for a tenement location…just saying. This West Arunta has the likes of RIO and IGO floating around…

    Find me drill results with Nb2O5 with 19m @ 2% and 28m @ 1% - shallow hits too! Anything 1% or more is exceptional.

    Only 4 out of 30 Nb2O5 resources have grades > 1%. $ASM ($ 400m MC, Dubbo) averages .48% (roughly)

 
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