RE: Share price22 Nov 2021 10:37
Yeah it’s strange and writing that down, I was actually thinking the same as you that others would see the gold projects as a bonus. But as I’m relatively new here, the gold projects initially enticed me in, also I have no previous knowledge with coal projects/mining. Only after I invested it’s clear to LTHs here the significance of THAR and from a financial standpoint, if there was ever a sale, the value created would be company changing. But with THAR, I genuinely don’t know the next steps, or how likely a sale would be with fossil fuels and clean energy in a fast transition period
In terms of the northern zone, it looks like proven ground. They’re not the best results I’ve ever seen but they can all be utilised. It looks like the stronger grades lie down below 200m. So these deep 250m holes will tell the company more, and what’s really happening at depth. If you open pit, and target mineralisation from around 150-200m, you’ll have a set strip ratio. The ore removed from surface until you hit you designated target. If this strip layer itself contains pay, or any kind of Gold, then it’s a bonus. And it looks like the NZ has a lot of shallow, low grade Gold which like I mentioned earlier, could be utilised.
It’s important in Gold stocks to not get carried away. Even 1 good hole, does not necessarily mean you have a good Resource. The exploration document on the website recommends follow up work to the previous drilling, and it will be interesting to see within the next 12 months if the Company can begin to put together a resource at NZ. That then takes this to the next level and they may choose to do a JV, and get a company in spending X millions for a share of the project. Plenty of unknowns but always a huge bonus acquiring “proven ground”. Jundee East is a different matter. Very limited exploration but a 4,500m programme will give us a lot more info.
£8m market cap, this is a great position. WSBN are in a Tier 1 jurisdiction. 30,000m going into it but with 0 historical assays/exploration, I couldn’t really advise much beyond this. There will be a short term rise with WSBN but ultimately, the results in 2022 with define it moving forward. ECR have struggled to really hit any kind of consistent high grade mineralisation, with Creswick for me being it’s best chance, with results currently pending.
I want to hear more about the green hydrogen plant and how the funding see this progressing in the future. Funding the project for a start, something that scale surely would cost tens of millions. If this where a deal on THAR could come into the equation.
Some uncertainty, but that’s risk/reward for you and the AIM. £8m market cap companies that can start to deliver results, can be very rewarding for shareholders, if your willing to factor in a level of risk and under performing.
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