WA1 looks far from economic. It’s running on having...

WA1 looks far from economic. It’s running on having ‘surrounding’ potential and only 48m shares on issue. The next lot of holes are going to tell the story for them. If they are more of the same low grade hits, then it’s going to get sticky. They do have about 3 km of ground to drill and carbs may only be a small footprint. They may still pull it off. It’s just going to be nail biting stuff as it lacks the real proven resources of DRE.
They also need money. That can come at any time and at any price. Not for me. I like proven growing assets that are clearly going to be larger and higher grade than most of the other companies. If DRE hits fat grade in the carbs, then that super chargers the price even though we will get there over time in the iron stones.