Share
4,793 Posts.
lightbulb Created with Sketch. 90
clock Created with Sketch.
04/10/16
11:12
Share
Originally posted by forrestfield
↑
Unbelievable!
One of those announcements which possibly have significant impact... May be not on the day... Well done WFE team...
~WFE has acquired drill core from 56 holes totalling 10,053m and associated QA/QC data that were unavailable to the resource estimations completed in 2012 and 2015.
~WFE anticipates that the acquired materials will enable an independent Competent Person to re-classify much of the Lomero resource from Inferred to Indicated.
Now why its significant IMO? The existing resource is already way larger than WFE market cap. Secondly, 10000m requires a lot of time, effort and money to be drilled. Now if this data is any useful, it might increase the resource IMO.
All in all exciting times coming IMO... It looks cheap with every passing day IMO
Cheers
Expand
Indicated Resources shows even more robust economic value for this high grade project.....
Then with the upcoming diamond drilling, WFE can be easily multi baggers in the near future....
Then we are still at 0.4c, but time is ticking and it will jump in a blink and many will be left in the dust then....
To save 1 pip but miss out one or two bagger, make your own mind.
We see...