Yeah but clearly the company is a dud especially when you consider the following:
- The above results from Weednanna are clearly sub-par especially when you compare to the likes of say OKU who managed 65.6m at 2.20g/t gold from only 85m and their share price nearly doubled as a result.
- Gold and Tin are useless metals and the price trend of both metals reflects this
- Market Cap a massive 9.1 million
- Only 9.5 million in cash reserves
- Negative EV
- At least a whole week or two to wait for the start of diamond drilling results to roll in from Zealous and Telephone Dam base metal targets
- Probably even less to wait for full MLEM survey results from Wilcherry
- A whole month to wait before drilling kicks off again at Weednanna
- Only two new Gold anomalies identified from auger sampling at Nepean South measuring a measly 3000m x 1500m and 1350m x 850m which are only usually only indicative of primary gold mineralisation
- Company has only committed to increasing their interest in Wilcherry to 80% in the JV
Please consider my comments as pure sarcasm and are in no way intended as investment advice