Australia's largest stock trading and investment forum Australia's #1 stock forum

KWR

Click for more information

0.00%

2.9¢ kingwest resources limited

Conceptual gold target +200-300M tonnes, page-2

First 2 Last

Share
Profile

Follow
watchitgonow

1,901 Posts.

651

14/12/21

15:06

Post #: 58285445
Share

Originally posted by sydneysider: ↑

Sir Laurence discovery is now measured at 2,000 meters x 400 meters. Let us assume a conceptual mineralized depth of 100 - 150 meters for a conceptual tonnage target of 200,000,000 - 300,000,000 tonnes. Applying a grade of 1 g/t au we get a gold target measured at 6,660,000 - 10,000,000 ounces of gold. This is a very speculative overview of Sir Laurence BUT it is indicative of the massive structures that are buried under Lake Goongarrie. The aircore drilling has hit bedrock across 2,000 meters which is a much larger footprint than was generated at Kanowna Belle which had grades of 5-6 g/t au. Would buy more KWR but am already significantly overweight here.

When you start factoring the grades at Kanowna Belle and the fact that we are located on an extremely fertile gold strike line, then the conceptual valuation goes thru the roof BEFORE we start looking at all of the other nearby gold targets that have been generated. Please be warned, am using very speculative assumptions here.

Expand

Not big enough ....

KWR Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GRX

GreenX picks up prospective copper project in Germany

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

WGX

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

There are more pages in this discussion • 2 more messages in this thread...

First 2 Last

Add KWR (ASX) to my watchlist