RE: Paterson, W.Australia [WSBN Red Setter, Paterson.W.A], Mon, 25.8.2525 Aug 2025 15:11
NEWS…i still remember you from the beginnings of GGP and a few other shares I was watching. Always appreciated the links and factual info given from you in most cases. But you seem to have started enjoying a ramp or two along the way now, whereas before it was always factual.
The comparisons to GGP at the moment are unfounded. People are quoting the drill length here as if it’s the actual INTERCEPT length!! Big difference!!! GGP’s drill length was also massive, probably close to 1000m but it’s the INTERCEPT that matters!
GGP was under 2p when HAV05 hit the market. It was after this that the big money and big share price increases came. The INTERCEPT was like 122m@7g+ (I can’t remember it exactly) but it was a “world class” INTERCEPT, not the length of the drill itself.
I’ve enjoyed the rise here and made a “currently” nice bit of profit, but it is all on sentiment! Nothing wrong with sentiment, as long as you KNOW it’s sentiment.
If and when the assays come back and WSBN has struck gold or copper it will all be about the numbers. It’s still a gamble right now, but nothing wrong with a gamble. If the assays come back good then this WILL FLY, especially with a processing plant next door. BUT don’t get dragged into believing it’s a sure thing. Like at the casino, only gamble what you can afford to lose cos if the intercepts are bad or non-existent, this will tank fast!! This board is currently filled with excited “winners” and rampers…understandably so. But we still have nothing.
HAV05 made GGP (check the intercepts yourselves) - followed by a rampathon about Scallywag where lots and lots of investors lost money or got caught with a high buy in and their pants down.
Know sentiment and use it to your advantage. They’ll still be a few RNS’s before the assays actually drop. Enjoy them as they come but don’t take anything for granted and learn to read INTERCEPTS if you enjoy your gold stocks. They’re the key to good deposits.
Eg. I love Antipa Minerals, but today’s release with their “bonanza” intercepts would probably be called ‘nuggety’. 1m@395g sounds good but that raises the grade for the whole 33m INTERCEPT. (Note not the drill length). What you’re looking for is consistent grades throughout the INTERCEPT. Not one big one. Their second assay in my eyes is better.
Either way, good luck to us all and if the whole of the Patterson keeps churning up gold we will all do well. But let’s please stop talking about drill length as being an actual STRIKE! It’s not!