Ann: WAF completes resource update drilling for Feasibility Study, page-9

Yes, it does, for a short time WAF selling outstripped the G.P./ETF plunge. That was my point, G.P. is not the key value indicator here, except where that it will affect Cut-Off grades. In tis instance the only material effect that will have is on U.G. resreves which are not as yet Indicated (Inferred currently); and that WAF has been announcing upgrades in resource from its drilling at a gretaer rate than G.P. decline, I agree "irrelevant" was the wrong word, inconsequential to WAF will multi-bag on DFS and further reserve calculations is probably more what I menat.

The key here is how much do we have, and how easy is it to extract for a mining company that buys us out. With high-grades at shallow depths buried in sand, this site should be cash flow positive in Year One, a major attraction for a prospective miner.

Also, your point about DFS, if you reread the announcements you will see they stated DFS would be done in December for release in January. That hasn't changed. They have been updating the resource every few weeks..... a factually incorrect post by yourself. Are you looking for a better buy-point?

Anyone selling now, less than 4 weeks before the DFS is NUTS!

WAF has REASONABLE potential to 4xBag up to $0.80 just on the DFS release.