WA8 0.00% 5.7¢ warriedar resources limited

Flying totally under the radar mate.Amanda is one of the most...

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  1. 4,473 Posts.
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    Flying totally under the radar mate.
    Amanda is one of the most switched on geo's you'll ever meet. Totally passionate about geology.
    I found WA8 after it started lighting up on my Aussie explorers spreadsheet heat map.
    Before that I'd never heard of the project as it had been in private hands.
    https://hotcopper.com.au/data/attachments/6053/6053149-b89da4c219f9e65eb6c23f7d83a6b925.jpg

    https://hotcopper.com.au/data/attachments/6053/6053159-86de4b4a0486306f0f9748179097d78f.jpg

    Disregard the estimated quarters left as they are currently in the process of raising capital.

    EV/Resource value lowest on list, grade 1.8gt better than average, over 1 million ounces in measured and indicated category, no corporate debt, asset rich, spend majority of cash on drilling, tenements barely drilled below 40m.

    A large Starbucks coffee and muffin is assigned more value than the $3,320 per ounce of gold ore sitting on their mineral inventory.

    Not to mention all the hard assets in storage sheds, camp portables, kilometres of haul roads accessing deposits, water bore, grid access and equipment from previous mining operation.


 
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