Ann: Ricciardo Delivers Australia's Largest Open-Pit Sb Resource, page-145

Hi LOC, I’ve read some of your previous comments. Congratulations for picking a winner here
I was thinking it’s Probably too early to be talking about wa8 into M&A. Why, because Wa8 can likely replicate PPTA and Sx2 rising valuation on exploration alone. Progress of project path to production can also add more weight to valuation
Is 29M a good company? Whilst they’re producing now, their sp has been in decline, 80% down in the last 12 months. It seems they’re struggling(?). Probably they’re not in the right commodity at the right time and they’re a baggage from wa8 perspective.
If there’s an M&A in the future, wouldn’t wa8 be better off attracting a major with strong balance sheet and therefore prepared to pay a hefty premium. A merger of equals doesn’t usually deliver much. Of course there are exceptions

Wa8’s probably the most compelling antimony + gold play in the junior space in terms of ROI right now - yes have put money where mouth is
if we look at the peer comparisons, wa8 screams for value because
-peers are 12-16x higher in valuation, sx2 and PPTA would both go near or above $3 billion just to do a bag
-those valued less have more expansion constraints permitting issues, esp a challenge in nsw
-the nature or geology of the tenements surprisingly and seemingly able to deliver wa8 rapid MRE growth
-its the new kid in town with such low mcap and demonstrably capable team at present
-MND just merged with alk, selling it as a gold antimony play, but seriously, if MND can produce more antimony, they’d have been doing it, but reality is the reverse, just producing 1,000 tonnes/year atm, less than half of what they used to. They’re more like gold play now .
-even LRV which is so advance is struggling to increase its resource - it seems Hillgrove has potential but harder to prove up further, which makes me recall some of the issues written by prior posters there. The dfs released yesterday has increased the 7-year LOM by just ONE YEAR despite drilling by RVR the previous owner and current drilling, rather than 2x or 3x (20 years) that the MD was suggesting. I still hold some LRV but this comment is just putting wa8 into context. If wa8 can intercept similar holes as recently assayed, wa8 will be in the races, it can quickly take the crown of not only the largest open cut antimony but the largest antimony deposit owner in Australia- there’s only one above it now which is Hillgrove . This will put wa8 prominently in the world’s antimony map.

Anyways these are just my musings. I might be wrong and been wrong many times. Correct a few times too
when i suggested a lithium play was worth 80c for its discovery (whilst analysts were valuing the company 18c), i was ridiculed to the max because it was sitting at 4c. That sp went to $3.20. So if I’m suggesting here a 200m mcap would still be light, just analyse the data as I think it’s not over-indulging for me.

ok me back to the caves whilst i watch ns accumulate