Member Info for Cebo-456

BigW, I don't doubt you but I looked at this last week for the same reason and never saw that application.

I will have a look when back home later - if that's the case then its hugely positive - Was it PL or EL do you know.

Adds to the ckmjbg news - Assays, Drill updates, New drill programme and now maybe new licences/tenements awarded.

Tiger, Incorrect and possibly misleading (although probably not intentionally) as using Chatgtp can be often be.

So basically - Photo Assay is getting more availablr and more acceptable now, even more so that ut was 2023 (Not even sure that Itertek offered this service 2 years ago - also a lot of investors, suitors and regulatory bodies weren't convinced back then - they are now.

It is a great technique (basically NDT using Xrays). It was invented in Australia (I believe) but is still only offered in a few labs - ALS (which Wishbone are using offer this service) and the cost has reduced considerably since its introduction a few years back - So I would be very surprised if Wishbone didn't take this up on at least some of the Core samples.

But whilst Photon Assay is brilliant and hugely accurate for high atomic (Z element) like silver or Gold? - it is next to useless for Copper which gives off a much weaker Photon signal - No one uses PA for Copper, it simply doesn't work.

So whilst Wishbone may have had confirmation of the gold in the cores after a couple of days, they will still want and need the samples of cores to be tested for Copper content.

To test for the just the Copper (not fire Assay for gold ) would take a week to 2 week max, depending on the method (acid/total digestion/xrf etc or a combination).

Tiger, feel free to double check the into above and let us know your thoughts.

The Company would want to know ASP ref Gold - it would have helped them make the decision to drill deeper and where to put the step-out - but would then test some cores for Cu which takes a litte longer.

Results could be a lot closer than you think - 🤔 ie any time.

Drill Baby Drill

Tiger, not quite correct as Chatgtp can be misslead at times but at least someone is doing some research, albeit slightly flawed.

So basically - Photo Assay is getting more acceptable now , is a great technique (basically NDT using Xrays) , was invented in Australia (I believe) but is only offered in a few labs - ALS (which Wishbone are using do offer this service) and the cost has reduced considerably since its introduction 2 or 3 years back - I would be very surprised if Wishbone didn't take this up on at least some samples.

So whilst Photon Assay is brilliant and hugely accurate for high atomic (Z element) like silver or Gold? - but (and its a big but) it is next to useless for Copper which gives off a much weaker Photon signal - No one uses PA for Copper, it simply doesn't work.

So whilst Wishbone may have had confirmation of the gold in the cores after a couple of days, they will still want and need the samples of cores to be tested for Copper content.

To test for the just the Copper would take a week to 2 week max, depending on the method (acid/total digestion/xrf etc or a combination).

Tiger, feel free to double check the into above and let us know your thoughts.

The Company would want to know ASP ref Gold - it would have helped them make the decision to give deeper and where to put the step-out - but would then test some cores for Cu which takes a litte longer.

Results could be a lot closer than you think - 🤔 ie any time.

Drill Baby Drill.

Dibs, if course they knew. Expert Geophysics Surveys Inc s- this is what they told the BoD after they completed their initial work and helped target the drill targets. "this is another potential of the largest mines in Western Australia" - Richard Poulsen said regarding this statement that "the results are hugely positive, to me its an extraordinary statement from Expert Geophysics"

They knew, they put their money in when they could and then needed to drill the targets and prove it - which they have done and continue to do so.

It will arrive when it arrives.

I think that with the visit to Red-setter (which is close to Telfer 😉🤫, just in case we didn't know by now) finished, the BoD can now look at updating the Market on a couple of Fronts.

👉Drill Assay results.

👉Drilling update, depth, expected TD date and TD and what visuals of the cores are indicating.

👉Next Drilling targets - we should have spare funds for at least 4 or 5 deep holes with all the associated expenses after the current two drills have completed.

👉Any news or updates on what may have been accomplished in Aus' would be nice - although this will be kept under wraps for very obvious reasons.

So my bet now for an RNS would be tomorrow or Wed. But if it takes another few days, weeks then happy to sit and hold for gold.

Drill baby drill.

Ignore Manifesto - as his posting history shows, he is and was hugely positive in Pri1 from when they were at least 8p plus to where they are today at about 3p. Anyone listening to him or replicating him will also be loosing money - and will likely wash out the market.

Each to their own though, don't let clowns like manifesto or the £1 by Friday brigade influence your decisions to buy or sell.

The results aren't 100% nailed on - but I would rather get in early and hopefully bag several more times here over the next couple of months than try and get in once news is out-hoping to pick up a few percent gains.

That's why I am invested here and occasionally post.

To post here when not invested means you either want to keep the SP low for a cheap entry point or because they haven't a life in the real world and need to get a bit of attention on line. Or perhaps they have lost most of their money (on Pr1???), become bitter and twisted, want to "warn" others or don't like others being successful.

Drill Baby Drill. 🐕

The Assay results will arrive when they are ready and the Company have done their bit. The verification of the results doesn't need to take long at all - everything is electronic. The Company and the Nomad could have the RNS drafted already - or it could be written checked and signed off in the space of a few hours. It may also suit the company to sit on the results from the lab for a few days (Verifying QA/QC checks), reach TD of the ongoing drill and release both the Assay results and initial indication of the new cores on the ongoing drill. TD could be anytime or could be a week away.

The RNS's will arrive when they are ready. Intraday one may catch the traders out. I have a hunch that now the Site visit to RS has been completed, we may see something tomorrow - but just a hunch 🤫🫣🤫😉 and could be later on in the week !!!!!

LOTM13.

They will have gone there for a few reasons. The Boss's always want to visit their Assets when things are going right - whether that offshore rigs or onshore sites.

They will be formulating the next drilling campaign now they have the funds - yes they will see the daily drilling progress report but will want you have a visual on the cores as well. They may have ad formal or informal meetings set up with sub contractors or potential partners.

I think we may get a drill update this week. Maybe depth reached, maybe they will wait till they reach TD - which could be this week (particularly if on 001DD).

It's getting closer

Back in 2023, Expert Geophysics told Richard Poulden that they thought Redsetter had another potential of the largest mines in Western Australia

Last month Expert Geophysics congratulated Wishbone on their discovery after hitting the Breccia Pipe system.

20 Aug, the Company put a post on Social Media saying "they were looking to gear up the drill program a notch because of the Breccia discovery"

Results are not nailed on - put all the signs are there and the right people are making the right noises that this could be the big one

Lifted from the Telegram Group

Manifesto - for the last few months you were posting continuously and hugely positively on PR1 as if you knew what you were talking about - buys, sells etc and expecting it to rise. Over this period it went from 8p to 3p.

Based on your history, any one listening to you needs to give their head a good shake.

Looks very much like you cannot sell Prim as that means your loss there becomes real. But you want to keep this low and try to get in as some stage jn yhe future - well good luck with that if the results come in.

In a year Wishbone has bagged, Pri has lost 80% of their MC.

But you keep looking at reasons to be negative here and positive on Pr1.

🤡

Why add the bit on the tweet about it being "actually close to Telfer". Hopefully you are popping in for a nice working breakfast there in about 8hrs time 😉 🤫🤫🤫🤫

https://x.com/WishboneGoldPlc/status/1964616691964633300

Manifesto - please don't show your naivety by looking at buys and sells from a couple of days ago - 🤣🤣🤣 or the current trading day.

And Even if it was a sell, if the market absorbs it then that is seen as a bullish sign, indicates strong buyer demand or market support.

The order book over the last few trading days showed deep buy orders which bodes well for resistance to any large sells.

I would imagine there are also a lot of Iceberg orders going through which makes anyone looking at Buys and Sells look even more foolish.

Maybe stick to PR1 which you have been pumping for months during which period the price dropped by more than half.

🤡

In fact, looking at your Antipa Minerals example - Using the MC and Cash Value you posted - they are valued at approx 3% of the Au GMV of 3m Tonnes.

They are 45km from Telfer (Red Setter is 15), trucking costs would be lot more than from Red Setter and the size of their discovery doesn't justify capex for processing by themselves.

If anything that bodes very well for Wishbone provided they can prove up their discovery at Red Setter.

HFG - your post said the Cores got to Perth Monday. The link doesn't say that.

I am fully aware of where we are with gold discovery - my answers were to another poster about SP on good Assay results and what it could mean to the Company. Figures I quoted are correct but the company need to prove up the discovery to the level ls I mentioned.

Anyway, I really don't have the time or want to discuss further with people who don't add anything to what I already know (from research and investing and working in the industry for many years).

Manifesto, you could not be more wrong (IMO) regarding being able to jump in once news is out.

Perhaps you probably need to crystallised your obvious losses on PR1 and take a position, rather than trying to stop investors buying WSBN.

Trying to talk down this share on a daily basis to keep the price down won't work when news hits it. Likewise ramping PR1 (which you have done for a while now) has seen the Shareprice more than half across there over the last. Hope your losses aren't too catastrophic on PR1.

So maybe give you head a good shake and think about your investment strategy - or maybe not.

Good luck

Sageman, I see no reason why GGP wouldn't move to secure this at a reasonable cost- pay $4-500mill to secure the resources now (and guarantee full capacity at Tefor for the foreseeable) - or wait a couple of years when Red-setter is further down the road, drilling/mapping and pay a coulle of Billion+++ - and risk a Major picking this up in the mean time. Not sure of the GGP finances at the minute but with the POG, a cash plus GGP shares issue (50/50) should not be too much of a problem for them. And positive also for Greatland share holders.

HFG, genuinly interested why your state that the Cores got to Perth on Monday. Not sure where that came from as there is verifiable info that the last of the drill Core's got sent to Perth (20/21st Aug) for expedited metallurgy assying. Highly likely that they went in batches throughout the drill period.

The link you posted actually says the Assays (not Cores) were sent FROM Perth (not TO Perth).

Thanks

Costa it would obviously depend on how big the discovery is and at what stage (Early inferred, Advanced feasability or near development stage)

How big is stillbonviosly TBC, if we say it is about the same size as Haveiron (could be smaller or a lot larger), then what does that look like 🤔🤔🤔

Workings below are from before the Gold price increase.

👉Havieron has 7mil oz of gold and 275 tonne of Copper ths Gross contained metal value, (in situ, no discount) would be minimum $20 -25 billion US).

👉 if we apply in ground valuation as follows:

.....👍 Early inferred resource (possibly after the ongoing drill) still only gets about 2% of Gross Metal Value (GMV) in any sale of the asset - so about $400million+ (so 15p a share).

..... 👍 Advanced feasability level (we would possibly need a few more holes to prove up to this level) - value would be about 4% of GMV - so about $800mil + (about 30p per share).

..... 👍Near development stage - about 10% of GMV - about $2billion - i think that wishbone would have JV'd or sold out Red setter long before we took Red Setter to that stage.

Those industry figures that I have used may prove a little conservative given the current gold price, low Capex and close proximity to Telfer.

My guess (and it's just that) is that Greatland will try and move early after the current two planned drills are completed, and results know and are good - a cheeky initial low ball offer equivalent of 10p-15p per share (Cash and Greatland shares) may start the ball rolling, and before the really big boys come sniffing.

Or a JV may be more beneficial for both Companies.

Happy be challenged on any of the assumptions above - and please do your own research to confirm - oh, and don't buy or sell based of this or anything else posted on those boards.

Costa. It would obviously depend on what sort of stage the discovery was classed at and how big the discovery is.

Affrm - Yes we are expecting the Assay results imminently, certainly this week for me. - info out there suggests the lab in Perth has completed them. A lot of investors are headging their bets, thinking that the results will take longer and they have time to buy back in closer to the time. We shall see.

Ref funding - the Company are well funded for both planned drills - and probably could self fund another 4 or 5 drills after that if needed, with all associated costs that go along with the drilling (Geological/Geophysics work, survey', logistics, site prep, drilling, sampling, assaying hole rehab etc).

Wishbone may decide that it is in there interest to drill a few lore holes - to continue to map exactly how large the discovery to increase the value, before accepting any offers (sale, JV etc),