WML (ASX) Exciting times for WML

Originally posted by pidgey: ↑

Guys, for a share that has a market cap of around 10million, they don't come much better than this one IMO.

Mt Venn

In my opinion, Mt Venn is showing all the right indicators that it could host a potential resource of significance (both gold and/or PGE-Ni-Cu). It's ticking many boxes and as a result, giving it a high GCOS (Geological Chance of Success). As with all exploration companies, the risk is always high, however in this particular case, I believe the potential reward far exceeds the risk given the the very low market cap combined with the following factors.

I believe the geology is favorable for the following reasons;

1. It contains mafic/ultra mafic intrusions analogous with CHN's Julimar discovery. Furthermore, as per the announcement on the 6th of July, five decent targets have been identified. The Mt Warren Sill (EM #1) in particular is very exciting. It resembles the Nova-bollinger discovery - a large discovery made by SIR(Sirius resources). I strongly recommend you all look into the Nova-Bollinger discovery several years ago. The discovery sent their share price from approximately 3 cents to 5$.

2. The area is highly prospective for gold. Below is a snippet taken from an intercept from the project 'Gruyere' located only 40km east. Whilst nearology can mean little in some instances, we can't deny it does contribute to the GCOS.

Additionally, WML have some decent gold hits already. Whilst the grade isn't spectacular IMO, the widths of the intercepts are very impressive and are a good early sign.

3. Sulphides have been previously identified at Mt Venn. This further increases the GCOS.I should also add that there are people involved with this stock have an excellent track record. I have been following both Tim Goyder and David Richards since they made me some pocket money $$ off LTR (Liontown Resources).

GLTAH and DYOR.

Expand

thanks for the post mate. Expecting some good results on Wednesday from these guys.
Just getting started IMO.

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No.	Vol.	Price($)
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Price($)	Vol.	No.
0.003	25253914	23
0.004	6056657	11
0.005	2302379	3
0.006	4220305	4
0.007	4000000	1

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4000000

(20min delay)
Last 0.3¢		Change -0.001(16.7%)		Mkt cap ! $5.137M

Exciting times for WML, page-2

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Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$29	11.5K

Exciting times for WML, page-2

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ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

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