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OK chaps, let's have some fun and look at some valuations while we wait for Drill results from Red Setter (RS) to confirm what we have in the ground so far, happy to be challenged on any of my figures and assumptions.

👉 So Majors will pay between ** $US 50-$150 per ounce of AuEq in the ground (depending on grade, LOCATION, SYNERGIES and depending on CAPEX costs to get it to production).

👉Since RS is located about 10miles from the Telfor facilty (Mill + Flotation + Gravity Circuits) and the ore is similar - then the ore could slot into the existing Telfor mine. (Telfor has capacity as its own reserves have been declining).  Telfor has also set a presedent in taking 3rd party ore in recent years from further afield. Trucking the Ore to Telfor is probably the most efficient and least costly path production.

So what size is RS

👉2m oz AuEq (a relatively modest find) value based on the above would be $100-300m)

👉5m oz AuEq (equivalent to Haveiron Style footprint, value $250-700million).

👉10m oz AuEq (classed as a Teir 1 Company maker, $500m - $1.5billion).

👉Due to the location (strategically truckable to the Telfor Mill, relatively small Opex to develop and simulator ore) - then $125-150 is achievable. Maybe more given the rise in gold prices.

👌 Do your own research guys - but I see this to have a 10 - 50 bag potential here. 🤞🤞👍

DL taking this placing is a master stroke, as it means that they still hold on to 100% RS footprint with a fully funded drill campaign - the longer they hold on to 100% and prove it up, the better.

So get the bit turning right and Drill  Baby Drill.

Apologies for the spelling- fat fingers typing on and small phone whilst out walking 🤣😉😄

Its possible that the step-out drills will fund other Breccia pipes (chimneys). They could also cut the same one (up- dip or down-dip continuation) depending on the breccia's geometry and feeder system.

They will already already have a good idea what they are looking at by carrying out Gravity Surveys, Magnetics, IP and resistivity testing etc, step out holes will confirm.

I think the giveaway here is that they have decided to drill the original deeper - they would only drill deeper for the following reasons:

👉 To test the feeder zone (engine)

👉 Breccia formations are verticle conduits.

👉 Feeper levels are closer to the Hyrothermal Source.

👉 The Deeper zones have far better grades - more sulphides, more gold-copper.

👉 Drilling deeper tells you if you are neer the core of the system (where the big prize is) or just the upper halo.

👉 You don't go back and drill deeper if the first drill didn't show hugely positive initial drill bits, backed up by all the clever stuff above surface.

👉 so basically they know they have hit a Breccia Chiney system - by drilling deeper, combined with possibly a couple of step out drills - they will find out if they have just found a stand alone breccia chimney (amazing on uts own) or part of a gold-copper system like Havieron or Telfor. Either are company makers- if it ms the latter we could be looking at acerage literally worth billions.

👉Google Havieron and Telfor on Western Australia to see what we are potentially sitting on. Havieron starts about 500m below surface and continues to 1200m. Telfor is shallower but continues to about 1500m. (Sweet spot 500-1200m).

👉Red Setters first breccia intersection was 580-722m, very similar to the upper mineralisation zones at Havieron.

👉 Going deeper means they may hit higher Au-Cu core, Stonger Breccia Cementation and possibly the intrusive source driving the brecciation

Drill, B aby, Drill

We await the grades - buy what we do know is:

👉 The drill intercepted a 152-257m Breccia Pipe within a broader mineralised zone.

👉 Also the cores showed Quartz Carbonate Veining with sulphides (a classic signature of Gold-Copper Mineralisation.

👉The combination of either is exciting, but both could indicate an even larger gold system at depth similar to major deposits discovered in Western Australia - which is exactly (in my opinion) why they are going to go deeper and need to drill step-outs to find exactly how big this is.

👉Breccia Pipe formations are a geologists dream and sometimes called Company makers. They are a vertical chimney of broken mineral rich rock hosting valuable metals - and are one of the most sought after targets in Gold Exploration.

👉 Red Setter is 100% owned - if they prove us the big one then this could really be worth many, many, many multiples of where we are now in relatively short order.

"Drill baby Drill"

Https://x.com/casper7861/status/1960664826998313287?t=Ttk3YSbgYkdx7RTyTVOvdg&s=19

👆 We know out top executives flew out to Australia earlier this week - anyone got info on who they are or were meeting

We await the grades - buy what we do know is:

👉 The drill intercepted a 152-257m Breccia Pipe within a broader mineralised zone.

👉 Also the cores showed Quartz Carbonate Veining with sulphides (a classic signature of Gold-Copper Mineralisation.

👉The combination of either is exciting, but both could indicate an even larger gold system at depth similar to major deposits discovered in Western Australia - which is exactly (in my opinion) why they are going to go deeper and need to drill step-outs to find exactly how big this is.

👉Breccia Pipe formations are a geologists dream and sometimes called Company makers. They are a vertical chimney of broken mineral rich rock hosting valuable metals - and are one of the most sought after targets in Gold Exploration.

👉 Red Setter is 100% owned - if they prove us the big one then this could really be worth many, many, many multiples of where we are now in relatively short order.

"Drill baby Drill"

Or not Beasty as the case may be 🤔

Is it going to close at or above 2 is a more realisticquestion . A decent RNS in the morning could then see it double or treble.

Everyone piling into WSBN hoping for the big 100-200% rises tomorrow if they release the Red Setter gold grades.

1.62 now to sell - cannot buy any decent volume.

Hoping for 2p before results news get announced- maybe after hours or in the morning. 🤞🤞🤞🤞

Could break 2 at this rate today. That would be a nice platform for when we get the big RNS - maybe later, maybe tomorrow.

Drilling campaign fully funded, company fully funded. Kept 100% of Red Setter without needing a JV or Farmout to fund the drilling.

Company executives flew to Aus two days ago - "saying they had some busy time planned".

EGS tweet congratulating them on their success whilst drill Red Setter.

The initial drill results on Red Setter are now due - does anyone really think that they are going to be disappointing given all of the above, I think not.

1.60 to buy - market likes the Placing. Investors wouldn't pledge that sort of money without having a heads up on RS results - that will be the next RNS this week and could be transformational. Drilling funded on Red Setter with the company still owing 100% of the acerage. Great move - yhe more they drill, the more the big boys will have to pay for it.

Sell them them the lot - 10 quid a share and move on

Costa, this won't need a tweet if we get the results that we think are coming - or the speculation of who the boss's are meeting and why is correct. Watch and shoot, watch and shoot.

Can't or won't give interviews really until the grades and volume are confirmed - but agree ref upping their social media presence and the positive RNS info. Trip to Aus may well be to discuss Sale, JV, farm-out etc.

Exciting stuff

As someone said on the Telegram group. WSBN will need to officially recieve the grades before they can RNS this info - but EGS and our company will have a pretty good idea what's there. Plus EGS wouldn't be claiming part credit and congratulating WSBN if the payload came in blank.

Grades should be anytime this week.

Drill (deeper) Baby, Drill.

That needs confirming and grades - if it checks out then we will see this bag like CDL yesterday, probably more as this is through the drill bit which CDL still needs to carry out.

Bogota, this doesn't need rampy nonsense and bull like that.

The fundamentals here already ustify a much higher market cap - as will the Metallurgy results which as due at any time this week. Good results as expected should see a transformative rise.

This still only had a market cap of £9.2 million. A full sale of Company assets will be worth many multiples of that.

Rise into close layer and daily large rises for the rest of the week will not even come close to the true value here.