I first bought into WA1 after researching the neighbour Encounter. Their best high grade intercepts are right on the border of our tenements.
Their announcements kept referring to the high grade of Luni and hoping for look a-like or continuations.
The ENR announcements made me go and look here, comparing Mcap to what the companies actually had. I dropped looking at ENR like a bag of hot spuds.
A lot of people tend to look at the SP instead of the Mcap in evaluating if something is worthwhile, thinking a company that has gone from 15c to $5 has had it's run. They don't seem to realise we have gone from a company with nothing but a tenement in a remote location, to sitting on an asset worth $50-100 Billion dollars!! (1 million tonnes of Nb2O5 is currently valued at $US50B!).
People don't realise that the remote location becomes fairly irrelevant if you have a large scale high grade ore deposit. Think Olympic Dam, or Telfer as clear examples of really remote locations but high grade resources.
Big mining companies know that high grade and large scale is a winning combination, anywhere. We obviously have both...
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