Hi Bullelk,
please don't take anything in this post as gospel (don't mean to be a kill joy), instead, just my meagre thoughts and memories from a recent conversation had with Amanda (an investor group), where the topic of further re-assaying historical drill cores was discussed. As I remember it, whilst there is still more cores to be tested, the majority are from Ricardo, and whilst they are/have looked high and low for more, have not been able to access to many from across the trend overall.
They may well have further wins with re-assaying, but not to the same extent as they have already had - that is my read. Because... a lot of the drilling was done decades ago and... was not kept in good condition (or kept at all).
You are correct about the Azure coast and pretty much everywhere else not being assaying for Antimony at all, so the positive is.... no limits, the slight negative is, that further breadcrumbs may be harder to garner, when compared to the incredible outcome achieved to date.
As I recollect that Antimony has been found in other parts of their tenements, but... the exact details escape me (others can likely fill it in). Amanda did say they are aiming to... further inform the market on the great exploration potential as soon as possible (they are still getting their heads around it all).
Hi
@prhb - I will keep this brief, as whilst I do like (well... I do it all day long really) comparing stocks and assets, MI6 and WA8 are fairly different beasts at this point in time, though I can see why the headline figure for their MREs might say otherwise.
MI6 current MRE is... currently using a 0.5g/t cuttoff, that is 60% higher than WA8. So... when they do update it if they so choose, they could in all likelihood add another 1-1.5m ounces without any real effort (you do point out, that for now, MI6 is going to be doing 20x more drilling that WA8, though we all know that will change), especially when the old MRE from 2013, already had 3.5m ounces (with the same 0.5g/t cuttoff). Plus, for now, the strip ratio of MI6 is likely to be one of the lowest in the sector, may even get close to beating CMMs two projects. Not in any way cross promoting.
Now, hopefully over time, I can eat my hat so to speak, if WA8 outdoes MI6, but for now, even though I think WA8 is undervalued, I would more compare it to say, AAR, or AUC, which are okish... assets, but not of the ilk of CMMs two current projects (for example).
I do think WA8 will over time, eclipse AAR/AUC and others as it succeeds in discovering more gold/antimony.
Good luck to all holders.
(20min delay)