Member Info for Cebo-456

Agree Goose.

No gold in the soil samples and Cheap shares around .8p.

Gold in the samples - we re-rate considerably and then Pattetson acquisition to follow shortly.........

Ok - so the RNS showed that 70+ Rock samples showed fantastic Grades. But we still need the 700+ soil samples to back this up. Poor results from the soil samples and we drop 20-30%. Good results from the soul samples and this opens or re-rates (if intra day RNS) to 1.5 immediately and then hopefully rises above 2 in short order.

The beauty here is that if the soil samples dont contain the gold grades we are looking for then we still have 2 huge potential projects - not least Patterson.

Rock samples arrived last Friday - Soil samples usually within 10 days - so anytime in the next week hopefully.

Time to take a position, Buy, hold or sell.

For me its a strong hold - tempted to buy a few more over the next day or so but will probably hold some cash in reserve and wait for the results. - good results (gold in the soil samples) and will buy on the dips up to 1.8 , poor results (no gold in the samples) and will mop up (buy) if it drops below 0.8 - ready for Patterson.

Good luck whichever way you play this.

The Market doesnt believe that Parther will take up the Pick option and with time running out it is hard to argue with that.

If by some magic, they secure this option or get another extention then the SP will reflect this positively and start moving back to a quid. if not then 60-70p it is until the tailing drilling starts.

👉Those shares are going to Institutional Investors.

👉The tailings facility contains up to a $billion of gold and other precious metals.

👉Production and cash flow by the second half of 2026.

👉3 other potential $billion projects on their own.

👉 Market Cap less than £5mil

👉More news to follow later this week which will push to SP back up.

👉Keep the faith.

✨️Drill baby drill✨️

Oops ..... pressed send. Red setter is now looking like a low AISC acquisition and resource for GGP.

Casper, newcrest helped because they were the owners of Telfer, effectively next-door-neighbours at the time Newmount acquired Newcrest which the meant they were effectively the owner of Telfer before GGP acquired 100% ownership of Telfer around this time last year.

Telfer has Mined open pit, and underground (via declines), continuously for the last 20 years - it looks like Red setter will be similar to Telfer but with potentially better grades.

More importantly, Telfer has space capacity and maybe even more importantly, it looks like the ore from redsetter is mettalurgically compatable with Telfer - so could work on a JV or TO or Toll-treat comercial agreement.

Red setter is looking like low

LOT13,

Not entirely a waste - the RC set up is great for quick cheap holes for initail drilling, getting metal grades and potential open pit projects.

Diamond drilling produces a continuous cylindrical core of rock, allowing geologists to see the true structure, lithology, alteration, and mineralization in three dimensions - essential both on the dome and the diorite.

Unlike RC drilling, DD cores show veins, textures, grain size, orientation and structural features like foliation or fault zones. Whereas the RC provides only rock chips, which lose structural orientation and fine details.

So both types of drill rig will be hugely important - although arguable more important will be Wishbones ability to decipher the results, decide the next locations (based on the results) and prove their geological model and resources - and tempt a suitor further down the line.

CDL is still very much under the radar (both in the UK and Aus) - but the news will get out eventually. There will always be the investors that get in at the High risk/high reward levels as CDL is just now - whilst others will wait for a Jorc compliant estimate of Resources and fir the geological model to be fully proven - and get in at the same time as II"s for a guaranteed 20% profit - rather than a high risk 300% profit from those levels.

Many investors are also spooked at this stage because they are aware that funding will be needed to drill and move the 3 projects to their next stage - this was covered in this mornings RNS but shouldn't come as a surprise to anyone - and the balance is always about whether to raise money to drill through dilution v giving up 70% of a project through a JV for a free drill carry.

News on taking up the Patterson Project option from Mamouth will also confuse a few unresearched investors. This option expires in less than a week. From memory if CDL take up this option then it will mean issuing more shares resulting in giving Mamouth about 18% of CDL's new number of issued shares - RNS on the Patterson Option needs to be a week today at the latest.

A lot of the info above is from memory, I believe it is there or there abouts correct, but please check yourselves and correct me if any of the details are wrong.

Hey guys, sell if you like but please dont be encouraging others to do so - particularly to buy FCM, it's just not on the same level, or has the same potential upside as WSBN - or please do your research on those "recommendations"/cross ramping before jumping in.

Back to WSBN - Volume here is very low again this morning - the MM's are marking this down simply to "find the market" and test where the buyers may step in, dont get spooked by a few % drop on low volume. They will also mark it up to find sellers - and when they do, it is not a breakout, no rockets needed, its simply the MM's doing what they are supposed to do - providing liquidity and making money through the spread and trading around their book.

The MM's, despite what many believe do not get pre warning of RNS's before they are released - but what they do get is sight of incoming orders (before the public ) through their own order book - if they see buys queued or strong buying then they will move this up on anticipation of order-flow and quote preemptively. That is what I expect to see before an RNS is released as a few investors that are "in the know" or have worked it out for themselves will take their position.

I'm not saying this is a leaky share in terms of news, but with exploration companies (both O&G or metals) keeping a tight ship is nearly impossible - so watch out for the signs.

So to get any real indication of when the news is due - then keep a close eye on Level 2 data , particularly the bid/ask depth and MM positions. Watch the trade direction (buys v sells bias) over time, not the individual marks.

And the VWAP - to see where real trades are happen.

Seen a few questions about why have they gone to Hole 3 rather than staying on the Gold dome - Very simply beause the Gold Dome (holes 1 and 2) and the Daorite (hole 3) are likely very much connected - so both need investigating and understanding simultaneously.

My take on the model is as follows

The diorite would have provided heat and fluids.

When the diorite pushed up into the surrounding rocks, it heated them and released mineral-rich fluids (water, gas, metals).

That pressure created our Red Setter Gold dome, as it is now being called.

As the diorite intruded, it helped “lift” or dome up the overlying rocks — forming the Red Setter Gold Dome structure.

Fluids moved through cracks at the dome’s top and edges.

These cracks and breccia zones (broken rock) became pathways for gold- and copper-bearing fluids. When the fluids cooled, minerals like pyrite and chalcopyrite (often carrying gold) were deposited - ignore the muppets that say we are only seeing Fools Gold in the Cores - that is hugely positive and likely indicates Gold in them Cores 😀

So what Wishbone will want to show is that the diorite is likely the engine that powered the gold system — both shaping the dome and supplying the heat and fluids that formed the mineralisation

Or in relatively simple terms - The diorite intrusion acted like the heat engine that caused the Red Setter Dome to form and helped drive gold- and copper-rich fluids into cracks around it — creating the mineralisation targets Wishbone is now drilling and paving the way to show that this is hopefully a multi million oz Au discovery, with $Billions (20-40🤞🤞🤞) in-situ (non discounted) value of Au and Cu in place.

If this is indeed what happened, the grades come back more than 0.5g/t over a large strike area and WSBN can show this to future suitors - then we are looking at the SP being many many many multiples of where this currently sits.

BD , unlikely but if it is a duster then it drops back to 1p as traders jumping ship. The Company then have hole 2 and 3 assays which should both be back before Xmas and back yo we go - we already know that hole 3 shows better grades than what they are currently mining at Telfer , but need to see what they are like deeper .

Fully confident that Hole 1 is no duster though. 😉😉😉

Possibly Spud news for holes 3 and 4 with some indication where hole 4 is exactly would be good.

Possibly lumped in with the Hole 1 Assay result RNS for extra impact. 👍👍👍👍👍

Good results from Hole 1 should have it a lot higher than that - 2-3p would be a good start.

Munbo Jumbo - incorrect again . If you care to read the RNS's Ed Mead did mention this - he actually said that they look forward to receiving the Hole 1 results shortly (or words along those lines).

Oh well, if you cant beat them, join them.

My feelings are that the Nomad has advised the Company that their tweets, interviews and posts on social media may be getting close to the edge of what is permissable outside an RNS and what isn't - and told to then to wind it in and wait till results and release the info officially - just a hunch 🤔😉

Have a great weekend and let's see what Monday morning brings. ✨️✨️✨️✨️✨️✨️✨️✨️

This should go on and Multibag from here with more news and soil results expected early next week - which are likely to be as fantastic

Those are World Class grades — 65.75 grams of gold per tonne (g/t Au) — equivalent to 2.1 ounces of gold per tonne, which is outstanding even for early-stage exploration. Anything above 5 g/t is considered strong; above 30 g/t is considered bonanza-grade.

The size of the area and location (between Darlot and Thunderbox) indicate a world class Teir one duscovery in the making.

Napthman. - I have looked a Met1 over the past few weeks - they have future potential but not convinced - even those 2 "positive RNS" are unlikely to raise the SP much across there as I personally am not convinced - good luck though but the SP will likely stay neutral at best even after your "positive RNS's"

In contrast, if Darlit West comes back with good Assay results which are now due - then this SP will rerate and could mulibag given the relatively modest Market Cap here. I also expect news on the Paterson Tenement here very shortly - which could also be a monster in a very established Gold Producing area in WA.

P.s - this is the CDL board , not Met1

Unfortunately benchmarking against different Companies doesn't always ring true but I did this last week.

Average for Core samlles seems to be 8-10 weeks, which seems about right looking at GEO's RNS this morning. And for Rock and Soil Samples - 4-5 week turnaround (based on CDL RNS last month).

So hoping for a monster Assay RNS from CDL next Monday morning - with profits going into WSBN for a Wed Assay RNS next week.

That said - WSBN sent away Cores for Assays from Hole 3 in 2022 and still haven't released those results 🤣🤣🤣

Less. There are never 100% guarantees on this and the Market hasnt priced anything in yet - probably because we are still under the radar. But I am very hopeful that the results wont disapoint.

CDL's market cap certainly does not give credit to Crofton, Darlot West or Patterson. Any one of those could be Multi Billion $* discoveries (*in-situ non discounted value of metals).

We should see the Darlot West results in the next day or so - hopefully.