WA1 3.83% $16.34 wa1 resources ltd

General discussion, page-10454

  1. 73 Posts.
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    I agree with @Naydoe and @CravenSpecialMild. Sorry for the folks holding $ENR, but this seems like the optimal outcome for WA1. The drilling pattern at Green, the hint of circular magnetics, and the over-emphasis on "priority samples" (which have been mentioned in each of Encounter's aircore releases, for the Crean, Emily and Hurley prospects, as well) have lead to heavy speculation in the $ENR forum that Green was another plug, with comparable geometry to Luni.

    Instead, we have the modal outcome - an interesting extension of the carbonatite away from Luni, adding tonnes as a satellite, but nothing comparable to Luni or a standalone deposit on Encounter's tenements (yet). Bogan Geologist's "Champagne Equity" diss stands, for now, at least. I actually thought, like @Iknowyysh, that Encounter would raise capital before releasing the Green results.
 
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