RE: Assays4 Dec 2025 18:26
Ggp has (×22) more shares in issue which makes the shareprice more liquid (easier to buy and sell), while 30m shares makes WSBN less liquid and steadier like today, but with very quick price response when things start moving...think seconds not minutes like in the past. 27 seconds not 45 minutes, so yes £5-8 in a flash rerate. Thats only £200m-£350m, this will be valued at between £400m and max of £900m once fully drilled and jorc'd.
Here's the crux for WSBN, if the breccia pipe returns typical patchy high grade zones, and it could be COMPLETELY BARREN, or, barren patches right next to >10g/t Au, or, it could be consistent 4-6g/t Au over tens/hundreds of meters with spikes up to 30g/t Au, best case scenario.
The diorite dyke is typical, patchy with nice grades near the domal features (Hole 8,9 and 11). Which is obviously now being targeted as the open pit and entry to potential underground targets.
Hopefully this breccia pipe/ vent returns the grades the alteration, vugs, pyrite, fracturing and sulphides all point to, and given this is NOT the diorite the grades for this part of the system most likely will produce patchy but on the whole much higher grades. The step out of 200m already gives the size uncovered in just 2 holes! This is why it is exciting.
I'm also not sure if calling it an analogue of Telfer is that accurate given the MobileMT survey gave a bullseye target similar but not as dense as Havieron. This is one reason why I'm ready for a high grade ore body (system of breccia pipes) over a larger area. That would be fantastic.
If this breccia returns a base grade of 0.5g/t Au continuesly with spikes up to 4-6g/t then the shareprice will soar, because the liklihood is that there will be much higher grades elsewhere in the plumbing.
Let's hope we hit the right patches, and even better hit continuity, that's the golden ticket, continuity!