WA8 1.69% 5.8¢ warriedar resources limited

My pleasure mate.I'm over the moon with how this is playing...

  1. 4,312 Posts.
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    My pleasure mate.
    I'm over the moon with how this is playing out.

    $ Good team (Amanda Buckingham and Brett Davis)
    $ Complicated prospective geology (VMS, Porphyry, Orogenic, Gold, Copper, Silver, Antimony)
    $ Drill crew like what they see (drill contractor third largest shareholder on register)
    $ One rig on site and another rig on its way
    $ 6 million cash in bank
    $ Surrounded by hungry mills (majority of resource already mining permitted and connected by haul roads)
    $ Big Springs attracting plenty of interest as gold price rises.
    $ Gold Copper near all-time highs.
    $ Numpty seller has pushed enterprise value back below 30 million (great value proposition).



    Definitely bagger potential with a little dash of luck.
    Last edited by Joelstar: 21/05/24
 
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