WCN 6.67% 1.4¢ white cliff minerals limited

Ann: Investor Presentation, page-36

  1. 3,084 Posts.
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    It has been stated in many announcements. They are working on JORC Mineral Resource Estimate (MRE). They cannot finalise their drilling program without MRE. Drilling should start next week. I kind of expected MRE this week, but if not tomorrow should be next week.
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    So news flow is Maiden MRE, followed by up to 3000m of drilling to test depth and strike extension.
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    Fairly confident resource extends deeper just not sure about strike. You can look at westgold deposit to get a reference of ore body formation. Real question is not it we have a gold resource but how big it is... Company imo price cheap based on what is ahead.
    .
 
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