WA1 0.22% $13.47 wa1 resources ltd

General discussion, page-10001

  1. 1,853 Posts.
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    It was made to show how drill results differ from rock chips from veins. I thought i wouldn't have to put a disclaimer in because it was a very poor drawing.

    This is RR1, they were one of the first to get onto the niobium hype train, releasing rock chip samples from a peg containing Niobium.
    https://hotcopper.com.au/data/attachments/6278/6278176-b43f4c269a3b6426a9116de43e8dfce4.jpg
    Got pumped to the moon on the hype. It turns out it was just skinny peg outcrops which also had thorium in the area. In November people were confused on where their investment had gone.

    This is MTM, They were spruiking niobium aswell.
    https://hotcopper.com.au/data/attachments/6278/6278180-1380c8d7a59a8ce2451b454840b3f28d.jpg

    But when there drill results came back, 330m at 0.02% Nb, there stock price reflected that.
    https://hotcopper.com.au/data/attachments/6278/6278181-3de6998bc86d06647f1f2caaa950012d.jpg
    I noticed i got flamed over on the SUM thread, but I did something similar with a few of these pumpy niobium plays and saved alot of people money. And seeing Trade4profit88 over there with his pump squad should of been enough red flags not to invest.

    I can go on with a few more examples if you like, but in essence rely on drilling not rock chips, with niobium deposits you want a carbonatite with a supergene.
 
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