The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Thanks Jack the Bear. It probably appears strange to me as I work for a construction materials quarrying company and we always have extensions / replacements lined up for our assets. Different ball game I know!
I can't believe Newcrest have let Haveiron and (potentially) Red Setter be developed by other companies - I'd have thought they'd have been looking for Telfer's successors years ago.
@PositiveVibes
Many thanks for the details/you tubs clips. I’m new to WSBN and looking to invest so having some material to go through over the weekend will help.
Sounds like a very exciting company with the potential to make huge returns for investors and, currently, a very small market cap. Also, looks to be a very good time to be buying in.
I guess the recent acquisition in Havieron will be a game changer and hopefully, bigger than that for GGP.
The future of WSBN looks like success at either or both - cottesloe already has excellent grades were just be expanding the asset - adding value in the billions WSBNs and farming out with Newcrest - exactly what took GGP from 0.75 ( equivalent Mcap ) to where it is today 800mil+ Both assets currently 100% owned whole working out of Telfer
Wsbn GGP mk 2
25 days in Monday ground analysis start to indentify exactly drill locations at red setter - drill campaigns upcoming at both.
Weekend update
For new and current investors looking in - even the telegram group is quite and I questions if people are aware of the position and potential of WSBN
Investing is asking what does the future of this company look like?
Wishbone had the previous assets developing before they acquired red setter and cottesloe in the Paterson ranges
Red setter mag survey could have brought back bad results - https://youtu.be/r6NQrU7IDn4
They brought back multiple magnetic anomalies - target A being larger than GGPs Havieron 57kms away - 13kms away from 27mil oz Newcrest owned telfer
https://youtu.be/5cXpny_0T1Q
https://youtu.be/r6NQrU7IDn4
The highest priority magnetic bodies within Red Setter (Referred to as Targets A, B and C in Figure 1) cover an expanded area of 3.5 km in strike length and 1 km in width. The highest order Target A occurs over a strike length of 1500m with a width of 400m and occurs within 50-75m of surface. Results of this modelling shows several north plunging magnetic bodies within this anomaly of equivalent susceptibility (possibly pyrrhotite alteration) to that evident at both Newcrest Mining and Greatland Gold's Havieron and RioTinto's Winu discoveries.
Then acquired cottesloe at a premium at he time - with alread excellent grades over a 12km strike length - Mineralisation trends interpreted to be over a 12km strike
· Rock chip geochemical sampling results reported up to 298g/t Ag
· Multiple significant drilling results including:
o SCR225: 5m at 102g/t Ag from 14m
§ Including: 2m at 165g/t Ag
o SCR247: 2m at 73g/t Ag & 4.6% Pb from 8m
o EWP-2: 22m at 42.7g/t Ag from 8m
§ Including 8m at 72.13g/t Ag from 22m
o EWP-3: 18m at 29.3g/t Ag from 6m
o EWP-7: 20m at 35.9g/t Ag from 2m
§ Including 2m at 100g/t Ag from 8m & 4m at 69g/t Ag from 16m
o EWP-11: 4m at 41.25g/t Ag from 14m & 10m at 41.6 g/t Ag from 24m
o EWP-12: 8m at 58.37g/t Ag from 20m
o EWP-24: 8m at 54.87g/t Ag from 40m
Both assets being worked out of Newcrests telfer mine which can't be understated - meaning we know WSBN and Newcrest are talking - Terra search have a good relationship with Newcrest, worked extensively on Telfer and Havieron and are very excited about red setter and it's similar geology.
We also know Newcrest are interested in M & A opportunities, and have the processing power at Telfer to take on red setter. https://bmo.qumucloud.com/view/2021-gmm-newcrestmining#/ 11- 16mins in
https://m.youtube.com/watch?v=gsDWVjRKIUY&feature=youtu.be#dialog
Now funded with around 5 million in cash - the future looks like concurrent drilling campaigns due to start shortly ( more cash released when we close about ve 20p for 5 days ) - while both assets are still 100% owned
Success at either will identify a larger Havieron, valued in the billions ( GGP retained 30% shortly to turn to 25% ) - with the FTSE gold chairman on the board - if it's not Newcrest 13kms, we're surrounded by alot of