Woulo Woulo isn't about sexy double-digit grades, it's about very wide zones of low to medium grade that will be optimal for an OP.
Strip ratios will be minimal, huge bulk tonnes going to the mill = big cash flow. In other words, it's going to be a rock factory for many years .
The market has not really seized on this realisation yet, and it may take an updated MRE and a pre-feas which will flesh out the underlying financials of the project to fully re-rate. Might be worth getting a third rig to really accelerate the drilling and news flow imo.
But if you have held since the 5c days, you won't be complaining, fantastic gold stock.
Ann: First Drilling at Woulo Woulo Delivers 105m @ 1.61g/t Gold, page-8
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