WA8 5.88% 5.4¢ warriedar resources limited

The Warriedar story just keeps getting better., page-16

  1. 11,716 Posts.
    lightbulb Created with Sketch. 6159
    Interesting to note a little deal NST just did with a small cap.

    Sold their gold deposit near the Carasoue damn plant for $12.5m.
    The MRE was only released in early 2023 (so it's a new deposit, and still only inferred). Plus, under 40m of cover, but.. NST have the money and a hungry plant and if it fills it for another year, they will likely generate 10-20 times the amount they paid for it.
    Bodes well for explorers that have proven MRE near infrastructure (or have their own as well in WA8 case).
    $70 per ounce seems.. quite a good price for inferred!

    https://hotcopper.com.au/data/attachments/6092/6092563-5bcd7b964fadbea5ee45e542b95aa244.jpg

    https://hotcopper.com.au/data/attachments/6092/6092540-de6d58f1f74b4dd5cfa0bb54f65a356a.jpg

    Cheers again for the list Joel,
    slowly going through them to see if anything catches my eye (will let you know if they do).
 
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