@CravenSpecialMild .... I still expect most of the MRE to come in as inferred in the first MRE and to be lower than most expect, especially all the 200m spaced hole areas. There might be some indicated around the X of closer spacing in the North East of the deposit.
It's always, always, always better to think of a relatively low MRE that gets built over time with more infill drilling than to expect a large MRE first up. I've seen so many shareholders get very upset over initial MREs on so many companies over the years. I will not be surprised if a lot of people here get upset with the MRE when it comes out..
Much, much better to not expect too much initially, it will grow with infill and extension drilling. If it then comes in better than expected, all good. I was expecting first major pullback on initial MRE, with lots of holders being upset at how it is 'less' than expectations.
One aspect from the MRE estimator is they will inform the company of where more infill drilling has to occur for higher grade/higher quantity MRE, which will form most of next drilling campaign..
Owning a huge high grade unique mineral deposit is a marathon not a sprint...
- Forums
- ASX - By Stock
- WA1
- General discussion
General discussion, page-8211
-
- There are more pages in this discussion • 3,809 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WA1 (ASX) to my watchlist
|
|||||
Last
$14.12 |
Change
0.650(4.83%) |
Mkt cap ! $915.9M |
Open | High | Low | Value | Volume |
$13.75 | $14.30 | $13.66 | $2.528M | 180.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $14.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.12 | 666 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11879 | 13.850 |
1 | 1500 | 13.840 |
1 | 729 | 13.810 |
1 | 100 | 13.800 |
1 | 1200 | 13.790 |
Price($) | Vol. | No. |
---|---|---|
14.120 | 386 | 1 |
14.170 | 8900 | 1 |
14.240 | 1000 | 1 |
14.330 | 1000 | 1 |
14.400 | 20 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
WA1 (ASX) Chart |