I just took a look at WA1's announcement dated 26th October 2022 and compared it with ENR's recent announcement regarding intersections at Crean.
While I don't know much at all about geology or geophysics, my impression is that the intersections ENR reported at Crean are superior to that in WA1's announcement that set off WA1's initial run from 22c to just under $3 in less than 2 weeks.
The main factors that colour my impression is the high grade of niobium-oxide, the fact that all three adjacent holes hit significant mineralisation, and that the mineralisation in each continued to EOH.
Setting aside what we now know about WA1, considering only the initial announcement dated 26th October 2024, is my impression very far off the mark? If so, what have I got wrong or what am I not considering?
ENR Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held
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