RESULTS ARE FURTHER CONFIRMATION OF GOLDEN EAGLE BEING OPEN ALONG STRIKE. The orebody appears to be open to the west aswell as the south west. There is mineralisation at depth and along the shear zones which should make the strip ratio low = lower cost. The down dip hole is neither here nor there...I suppose they needed to quantify the continuity of the ore body, and they did that with the down dip hole.
All in all good results but the gold market is on the nose at the moment...wouldn't be surprised if the stock falls to 4.4c short term.
Medium term WTE is one of the best in the mkt at the moment. Dips in price are buying opportunities..Expect more news shortly.
WTE
wedgetail mining limited
good announcement, page-5
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