Any picks in the sector?
Widdup says there are two gold companies LSX have taken punts on on his watchlist.
“One is (WA gold explorer) Great Boulder Resources (ASX:GBR),” Widdup said.
“You could probably chuck a rock from their project and almost hit some of the nearest mills, they are that close.
“You can have lunch in Meekatharra in the pub, one of the best chicken parmis in Australia I might add, and you can be on their project by the time the coffee you brought outside is still warm.
“They’re looking on the right hand side of what looks to be a fold which has a very prolific gold field down the Western Limb. And here’s them on the east in an area which hasn’t been explored and they’re finding gold, finding it at shallow levels.
“Some of it looks very attractive, some of it looks like it’s just an indication.
“But the interesting thing is when people have mined shallow indications of gold in the past, and then someone comes along 10 years later and drills under it, they often find something, so these guys are finding the things that they now need to drill under.
“So I see a very bright discovery pathway for them in that part of the world and the geologists who are running that company are personally wonderful as well, so I’ve got a lot of time for them.”
