I'm a large and faithful IPO holder of WA1, have loved the journey. This caught my eye post the recent placement. I wanted to see clearer geophys, including the update EM for Pomme. Ideally they would have run gravity too to show the density profile surrounding the high mag contours. For risk-v-reward, at circa $8m EV plus a few $m for the acquisition/earn-in, to acquire a mineralized carbonatite, this is seriously compelling. I've been accumulating.
This first hole to me looked confirmatory and on the periphery of the complex. The 2nd and subsequent holes will be key to understanding the structure and what the weathering profile looks like, or whether mineralisation is hosted in fresh rock. They've got the right rocks - silica/ferrocarbonatite - but to me it looks more REE focused, rather than Nb in pyrochlor.
Happy to be on board here. GLTAH. Hopefully lightning strikes twice!
MTM Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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