Yes but the PEX result doesn’t have the potential to extend the...

Yes but the PEX result doesn’t have the potential to extend the mineralised zone 220m below a published probable reserve, it is just an infill hole that might expand the already known sweet zone a little. Problem with Southern Nights is that Rob has spent all this money drilling and still no resources estimated or feasibilty on the horizon.

Every time WAF moves with the drill rig they add the results to an economic model. The markets are looking shaky and cash is king at the moment. Hopefully the funding package is announced this quarter and WAF can step up the work on expanding the resource and life of mine while building the project.

I think the price is being held down by the folk who are interested in getting a slice of the equity component of the funding package. Time should deliver the bacon here IMO.Esh