I hope in the updated MRE they include a higher grade figure in tonnege say 3%, as i think this is what these big dogs are interested in most. We know there is decades of stuff down there and 100s of tonnes at 1%. But showing the amount above 3% would be good.
i remember an insto guy looking to invest in WA1 after release of maiden mre saying about the 53mt at 2.1%. He said "the mre is good, but we would of liked to see the tonnage at the amount above 2.5%"
like 200mt of 1% or 300mt at 1% i dont think impresses that much more. The big value to these big dogs wanting involvement is how much above 2.5%
do you think theyll do a revised tonnage on those two grades, they did before, which was 1% and 2.1%? Or maybe crank it up to 2.5% even 3%
WA1 Price at posting:
$14.08 Sentiment: Buy Disclosure: Held
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