Theres no El Dorado in this one. I must admit that the Conclurry region has promising aeromagnetic and drill samples in variouos spots.
The Wedgetail drilling results point to an average of 2.52 grams per tonne and not 3.5 as suggested by some. This is very near being just economical. One has to understand that much also depends on the over burden that has to be removed before they reach ths stuff below the ground.
Most of the financial modelling small cap mineral exploration companies do are based on new equipment types without down time or any other negative contingencies which is dangerous.
Unless they can come up with something better from their results there is little use in staying with this one. Unless of course you have some other information they have not publised then I would be aware.
If it goes up by 1 cent get out. You'll make 30% which is far better than a NAB bank deposit.
WTE
wedgetail mining limited
