WGP. Yup. Low MC, tenement proximity to EGO, Low capitol so drill funds will have to come from somewhere, partnership/ farmin / shareholders or Sophs.
Market on EGO is incredible. EGO tenements cover allot of perth basin ground and lucrative contracts somewhere in the mix. Big Boys trading paradise.
Existing dud holes in region. EP 389 Flow rates not in yet. Exact proximity of WGP to EP 389 I'm still searching..
Can anyone fill in the gaps? Exact proximity and or geo maps etc...
WIth the Low WGP MC and the market sentiment on EGO next week will be very interesting.. 100 M traded here on Friday with a bit of green in the SP. Allot of LT holders opted out. Will it get traded and recycled up to anticipation by the big boys trading on EGO or just us mug punters trying for some ST hits.
A few if's and buts here. Is it worth an ST punt with the risk of getting caught out for a long term hold or a stop loss trigger?.... Hmmm... Dunno, I'll decide that Monday..
chart upside, page-25
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