WA8 12.8% 6.8¢ warriedar resources limited

Hey @Bullish786M1 looking good.Riccardo, less exciting (though...

  1. 11,789 Posts.
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    Hey @Bullish786
    M1 looking good.
    Riccardo, less exciting (though some might be expecting bonanza grades from every hole), but... its all about extending/infilling the current MRE, which they confirm will happen (I like the way they display the current MRE boundaries, not sure exactly why, but it seems better articulated than other company announcements).

    https://hotcopper.com.au/data/attachments/6322/6322546-11683a2dc260f8575fb93807e19c3f86.jpg

    Some parts of Riccardo go quite deep, so... if the infill drilling continues to be a success, then with 476k ounces already at good grade (will be doubly interesting to see what cut off and price is used), WA8 is building their 'moat' of value.

    I am going to be quite patient with them, as it's just such early days, and the company is still so undervalued.

    I must admit I am still trying to get my head around BGDs scoping study parameters. Imagine having the same deposit with a grade potentially double...
 
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