Ann: Ricciardo Delivers Australia's Largest Open-Pit Sb Resource, page-331

I’m very pleased if more mum and dads and smsf’s are buying shares on this tremendous opportunity.  It doesn’t come very often to be able to scoop plenty at cheap prices. Of course there are a lot of opportunities in the gold space but a lot of them may have bolted - MI6 for example is now $300m plus mcap. And if we look at others, they’ve risen similarly.

Enter WA8 capped at $100m this morning. This is the new kid in antimony town.

Wa8 did a fantastic 2024 drilling program, but dohbly rewarded with a discovery of antimony. If it wasn’t for the antimony, there’s weaker justification for a much higher mcap as gold only exploration takes time. Well Sx2 is not promising to define an MRE until 2027 - that’s 5 years worth of drilling with no defined MRE. It demonstrates the time it takes to define a decent MRE.

WA8 is doing a fantastic job with an antimony free kick, but the best is yet to come.


LRV is cautionary warning to WA8. A top post on hotcopper yesterday by @serevi outlined the debacles of mishandling an otherwise extremely distinctive project . I personally am watching that play and may re-enter because of its proximity to production. My main reason for pointing that out, watch out Datt Capital that some horrendous CR will not happen here to spoil the party that’s just beginning.


There’s strong appetite in this space guys. Management is crucial to keep this moving forward.

Just days or weeks ago, Sx2 raised $160m to drill baby drill, and another minnow FXG capped at just $40m managed to raise $15.5m or more than a third of its mcap.

So yes there’s money intent on entering this hot sector. Wa8 let’s not make a mistake.


Do what is best to the shareholders and everyone will be wealthily rewarded.

I have suspicion the clientele of the brokers realise their MO will not work near term here (getting shares at discounted prices) so perhaps they’re buying chunks. Apart from HNW’s, the SMSF sector have $4 trillion in their management. Many of these have done very well. And they’re another sector as prospective investors here. My group for example  hold 80% of their portfolio in  their successful smsf’s.

and the third group are the Canadian investors in trigg and LRV. If they built stake in trigg which have much more permitting risks than WA8, I’m pretty sure WA8 suits their strategy and appetite for more gold antimony combo.


The next batch of buying may have started today. Nova Scotia bank started building a position 3 weeks after LRV released its PFS. The MRE release by wa8 may have been the trigger they’re waiting for. But it took them over two weeks to get their hq green light to accumulate. If you don’t speculate you don’t accumulate acc to John Howard

Stay tuned to wa8 channel. Where views are beating viewership nearly 3x our nearest peer. Wa8 views are now over 1600 folks, compared to 150 in previews AB videos.

Tomorrow AB will take centre stage again.


all the best