WMG 6.52% 21.5¢ western mines group ltd

Ann: MTD023 Assays Confirm Discovery of Significant Nickel System, page-228

  1. 310 Posts.
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    Starting to see a pattern of the same accounts telling everyone how good this is: IMHO, these grades are not significant at all and this stock only ran because it was probably a micro-cap that day traders pump. Here is some referencing from an article on stock head titled "EXPLAINER: So you think you can drill – How to read nickel and copper exploration results" -> I highly recommend the read.

    https://hotcopper.com.au/data/attachments/5188/5188775-fc9dbf89b48279ebaab90097769b8c73.jpg
    Now for WMG; first highlight we get 1.5m at 1.88% but it's 402m deep so that's not too helpful according to the last highlight. most of our hits range from 0.26% - 0.44% however they are 402m -> 1,212m deep which according to this article isn't good enough for these grades (we need 5% - 10% according to the last paragraph). This means the only hit we actually have are 78m at 0.28% which again doesn't meet the minimum standard of 0.4% and even that starts from 118m deep. This will come down please be very careful about listening to advice from people who most likely have a motive
 
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