RE: UFO: EH (Silver) | Hanc0ck (Iron) | Munni (PGM) | Aus Tier 1| *3p+23 Oct 2025 07:50
Elizabeth Hill is an historic mine.
Already proven itself and this time it's going to unearth and confirm a huge resource.
https://nextinvestors.com/company/asx-wce/
Our Big Bet for WCE
“WCE re-rates to a market cap of $300M by bringing the Elizabeth Hill mine back online OR making a new discovery that is as big (if not bigger) than Elizabeth Hill into a strong macro silver theme.”
NOTE: our “Big Bet” is what we HOPE the ultimate success scenario looks like for this particular Investment over the long term (3+ years). There is no guarantee that our Big Bet will ever come true. There is a lot of work to be done, many risks involved, including development risk, country risk and commodity price risk - just some of which we list in our WCE Investment Memo.
Success will require a significant amount of luck. Past performance is not an indicator of future performance.
Why did we invest in WCE?
We are bullish silver
We believe silver is heading to new all-time highs. A breakout could push prices well above US$50/oz, much higher than historic averages. Two of our top four positions in our Portfolio are silver companies right now.
WCE’s project was one of Australia’s highest-grade silver mines
WCE’s project had historic production of ~1.2M ounces of silver at average grades of ~2,194g/t silver. A typical high grade project has grades around ~100g/t silver…
WCE’s project sits on a granted Mining Lease
This gives WCE optionality with respect to getting its project back into production. IF the silver price gets high enough, WCE can get its project into production quicker than other greenfields assets.
Historic production had cheap, simple processing
Historic mining used simple gravity processing because the ore contained visible silver nuggets easily separated from the surrounding rock. No need for chemicals or any other complex (expensive) processing routes.
Near mine exploration upside
WCE’s project hasn’t been systematically drilled for over 25 years. We think there is potential to make new discoveries near the old Elizabeth Hill Mine - with lookalike targets along strike.
Already hit very high grade silver in the first few drillholes
WCE has already hit a 21m intercept with silver grades of ~1,047g/t silver (including a 1m intercept grading 15,071g/t silver). Post-results, WCE’s share price has gone from ~4c to a touch a high of 17.5c. (Remember past performance is not indicative of future performance.)
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