Is everyone ok? It seems very quiet over here of late.Anyway,...

Is everyone ok? It seems very quiet over here of late.

Anyway, the Armstrong Pit must be getting close to empty by now.



I'm hoping by the next quarterly ann at the end of April, WIN should be able to report back to shareholders the Armstrong pit is empty.

While we wait, I was looking at the gold reserves WIN has recently. It's around 4,100 ounces just in the Armstrong pit alone. So I thought I would post the gold chart below in AUD.



Gold is making all time new highs in AUD & could be breaking out of a rising triangle. There's also a buy signal on the MACD.



Given the current trouble in the financial system & the threat of war, more inflation, banking collapses & the prospects of more QE, gold could be heading a lot higher.

Below might be a bull flag as well. To calculate a target price, take the height of the flag & add it to the breakout point. Bottom of the flag pole is $1,660 the top is $2,870.

$2,870 - $ 1,660 = $1,210. Now add $1,210 to the breakout point of $2,870 & a target price of $4,080 an ounce could be achieved over the next few years. If WIN has 4,100 ounces of gold at Armstrong that would be $16.7M just in gold.




The current price of gold in AUD is $2,970. So 4,100 ounces of gold x $2,970 = $12,177,000

Current MC is $71 million.

I think this is a crazy MC for a mining company with proven reserves of nickel, lithium, plus other minerals & aiming to be production ready in the next 6 - 9 months. This time next year WIN could be generating revenue & rolling any profits over into developing the many other deposits on the tenement. Creating a snowball effect for shareholder wealth. If executed correctly of course.