Ann: West Arunta Project - Luni Assay Results, page-195

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PutSauce

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23/02/24

16:52

Post #: 72566020
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Originally posted by ForeverNewbie: ↑

I have seen your name be referenced in the threads before. Never really paid much attention as I spend most of my time elsewhere but I get the comments now.

Firstly, you are definitely one of, if not the best downramper I've seen on a forum. I like how you try to agree with the person to then try and pull the rug out from under them. Most people just post something like WA1 to $2 or something.

Secondly, I think your MRE estimate is plain and simple wrong. Now I'm not going to sit here and argue around calc because I've done mine and hopefully so has everyone else. So all I can say is I agree to disagree.

Thirdly, Blindly assuming that the MRE will not increase is another red flag. You may say "hit and miss", what I see is one the most successfully drilling campaigns I've ever seen. Potential for expansion right now is HUGE.

Fourthly (not even sure thats a word). $30 is a MC of less than 2B MC (without diluation). CBMM has a MC of 13B.
Before you jump in with CBMM has more etc, but that's the whole point of further exploration. There will be many more campaigns to come.
And with money pumping in from the initial MRE, there will be no further dilution required.

Finally, Nobium has barely become a household name and its usages are only going to increase. If the prices continues to increase (which I think it will) then your argument is straight into the toilet. I mean when have you ever seen the potential for a commodity spike when there only 4 or so supplier globally.
Then to add, you're one of the two that has the highest quality.

All I can say is you can wait for your $5 re-entry which I vaguely remember seeing somewhere and I will wait for $30 and we can come back to this post and see who won the race.

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Agreed on all points except CBMM was valued at $13bn over a decade ago with the change in ownership structure. It is many multiples of that now, only adding further credence to the points you made.

WA1 Price at posting: $11.61 Sentiment: Buy Disclosure: Held
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Ann: West Arunta Project - Luni Assay Results, page-195

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Ann: West Arunta Project - Luni Assay Results, page-195

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