"You really don't do any research before you mouth off do...

"You really don't do any research before you mouth off do you?"

Actually I do sufficient research appropriate to the cause so I'm not sure why you are getting heated up and all. Although seeing someone post a peer comparison as I did that give one a reality check about WAF struggles to provide share value can be unpleasant. So I do understand your position. A lot of private research plus 150-200 posts in 6 months is a lot of time invested to end up underwater all this time on what did once appear a good money maker. Perhaps in 1-2 yrs or so it will go green. It doesn't always work out and it's actually smart to cut ones losses and change tact depending on ones situation and obviously before tax time is handy. That's not advise by the way it's probably what I would do though.

This is a comment you offered in regards to high grades "High grade mineralisation intersected ([email protected]/t) in deep exploration drill hole at a down hole depth of 862m”. I can only take that now as a pump having read your further comment about "blend grade of about 3g/t is being targeted" So further work to do including increasing milling capacity as part of the target. Is that more cash for the mill increase or included in current funding?

At the end of the day buying shares is about making money through share price growth or divvies. Let's be honest divvies are 4-5 yrs away at best. So SP growth is what we are all after, here is my comparison which I have been eluding to for a few days now. By the way VEC does own the lease so you are incorrect insinuating otherwise.

So now compare resource size and grade.....

WAF ($238M MC) JORC 2.9Moz resource to be upgraded 0.3Moz very soon as part of the optimised DFS
VEC ($38M MC) JORC 3.2Moz at 6.6g/t with a target of "additional" resource between 12.5Moz at 3.8g/t to 25.2Moz at 6.8g/t

So that leaves financing......

WAF $65M cash via equity placement diluted share value massively. Additional $200M debt for construction unless cancelled.
VEC ~$2-3M cash via temporary $5M debt facility. Require to re-establish original $55M debt facility with FT or alternative. Commencing rapid DFS study plus $520M in drilling data for free and $70M equipment on already site also free.

Timeline WAF is likely 9 months ahead at this stage.

So who has more share price growth potential????
That's what a peer comparison is about, a project's progression is worthless unless it lifts the share price right?

Some events which are also hard to deny -

1) The $35M CR to the boys appears like immediate selling and one almighty pump pre EOFY for a big exit. Same as 2018 EOFY
2) Anyone holding since June 2016 bar a small few are out of pocket right now unless they have traded this thing successfully. So who are the traders??? A long time to be holding for no returns plus another 12-18 mths to go.
3) With a $238M MC plus $200M debt overhang hardly leaves any room for SP appreciation
4) Full reload with sophs again for $43M at 25c, usually the first to get off pretty quick so another 6-9 mth dose of 100M+ shares exiting
5) Price of gold going up, price of WAF going down??

Cracks forming?

I think you get the picture, a fluffy project is a nice feel good thing, making money is why we buy and sell shares.
I will leave you with that thought, as per your invitation let's see where we are at in 3 months or so. Until then good luck!!
Chart from Commsec

All IMO DYOR