Member Info for PortfolioPower

@28jaczar01

Good to see some more looking in and welcome.

Always the dumb money that offloads at fhe bottom or near to the bottom of the trading range, but If you look at the trades intra day across both the AIM market and also on the aquis market there has been little to no selling of any size at all over the past few sessions.

The spread has also been incredibly tight

.

Roughly 119/115.

I'd seen the after hours trades likely just books being rebalanced. Any PI selling looks to have exhausted.

The bid has actually been firming up over the past week with dummy quotes to sell moving from 1.08 to 1.10 to 1.12 to 1.15

No doubt plenty of other former holders who are out there also keeping a very keen eye on things who were in for the ride up to 20p last time

I have been in and out and got myself into a free ride on one of the many previous spikes.

Started scaling back in a few more in recently whilst we are down here and the funding has been sorted, as its always a difficult task trying to pick the absolute floor in a stock you want to be in that you has a habit of spiking up fast.

It can be a heartbreaker to put in the hours of research, have your finger over the button only to hesitate and then miss out as it goes on the multi day rally that you were expecting it too and instead of pulling back, it releases further good news and before you know it its 6-7p and that quote at 1.1ish didn't feel like such a bad idea after all.

If you get chance, take a look at the WSBN research Note published by the mining analyst John Meyer.

There is some good sector peer analysis of a dozen or so other exploration companies specifically operating in the patersons region where the EV/market cap analysis demonstrates a potential material re-rating for WSBN on a success case of anywhere between 10 x to 100 x times.

It's the same guys who discovered Haverion..

Sam Garrett & Co backed up by Gervais Heddle.

So basically the same team who 150 x bagged Greatland Gold.

Tro,

Yeah still early days, but you know the background to the exploration team working on that one.

Not surprised to see this pop today as I still think the sector correlation has in part been a factor with ITM delivering similar SP gains last week it was likely that PHE would follow suit as whilst operating independently the sector appears to have bounced over the past month.

It started with ceres power moving up 45% a couple of weeks ago, followed by ITM power bouncing 45%

Now PHE following suit today.

@Nearvana

Yes, they have done well to get the WA government onboard as part of the EIS funded drilling grant.

Having the government on side is a big boost as from experience of other aussue exploration comps that once you successfully secure government funding for drill programs it opens the door for further rounds of successive grant funding and also the government would not be allocating tax payer funds to WSBN if they didn't see the merit in the project.

Quietly confident that 2024 will be a transformational year here with all the planned work programs at Cotteslow, Mosquito Creek and Red Setter

Guess you have made around £180k on that He1 trade from 0.25p (and a little top up below)

That's a fantastic effort Tro.

Don't think many had the resolve to hold almost a full position all the way from the placing until this morning on a single drill outcome but that has paid off handsomely.

Nice one Tro,

Almost that 'CHAR style' recovery in SP from the lows there.

The Nifty deposit > 79mil Tonnes of ore

Cottesloe potential ore tonnage > 500 Million Tonnes.

Nifty deposit sold a couple of years ago by Green X to Cyprium Metals Ltd for $60 Million Dollars

Cyprium are looking to develop Nifty into an open pit mine.

Refer back to AGEOS post.... where the mineralisation at Cottesmoe (where our exploration is being joint funded by Australian Government)

Cottesloe potential ore tonnage > 500 Million Tonnes!!!

What could our Cottelsoe deposit be sold for if its potentially upto 700% larger than the Nifty deposit?

Some fantastic intercepts already recorded over large intersections at Cotteslow and Assay results from Diamond Drilling are due

· Strong Zinc and Cobalt anomalism in pre collar hole 23CTRC0005 within weathered sulphidic shales with 1400 g/t Zn, 243 g/t Co over 78m from 12m depth. This includes 6m at 3500 g/t Zn and 1300 g/t Co from 50m

I got into EEE in the 1p days expecting them to search for some copper and gold and they ended up finding a.high grade Titanium discovery and 10 x bagged.

Are WSBN about to discover a Giant High Grade Base metals deposit and do the same or more?

-

My 10p Target by Mid year, might need to be revised upwards a fair bit and could come alot sooner than we think.

GLA

@LW

Copy post below from AGEOS who has been providing the EEE bb with some excellent analysis over the past year.. below is his reference to Cottelsoe from a couple of months ago that is worth revisiting:

-

AGEOS

Posted in: WSBN

Cottesloe potential ore tonnage

6 Nov 2023 08:04

As the 18.09.2023 RNS “Drilling update for Cottesloe Project” provided information sufficient to construct a 3D structural model of the system, it is possible from that to estimate the potential ore tonnage which is targeted by the ongoing drilling program. NE-SW cross-sections through the syncline, as shown in figure 4 [section A] and figure 5 [section B] indicate the “target zones” within the “Pyritic Black Shale” horizons, whilst figure 6 [section C] provides data confirming the SE extension of the target zone primarily into a synclinal substructure on the northern limb of the main syncline. The map shown in figure 3 confirms a further SE continuation of the target zones mainly within the Pyritic Black Shale and concentrated in the closing axial-plane of the syncline.

The targeted zone is therefore approximately 3000m [NW-SE] x 800m [section A] tapering down to 600m near the closure of the syncline, ie 2.1M sq/m in area, and if we accept the thickness as shown in sections A and B as 60m average, the total target zone volume can be estimated as 126M cu/m. Calculating the tonnage is more problematic. However, the 01.11.2023 RNS referring to assays, indicates a base metal sulphide ore with a specific gravity of around 4.0, which assumes an average somewhere in the mid-range for hydrothermal base-metal sulphide ores. On that basis the target zone comprises approximately 500M tonnes of ore.

In comparison, as of 2022 Nifty [Cyprium Metals Ltd] had 79M tonnes of sulphide ore [total measured, indicated & inferred but 95M/t including oxide and chalcocite and the Maroochydore [Cyprium] copper/cobalt prospect had in 2016, a JORC estimate of 48M tonnes of oxide/ sulphide ore [total M+I+I]. From that the potential value of a multi-element base-metal mineral system at Cottesloe should be apparent to all and providing the initial assay results are at least maintained and the target zone is proven with ongoing drilling, that value should be eventually reflected in a substantially higher market capitalization than is current, and that is irrespective of Red Setter.

AGEOS

Thats just how it goes sometimes in exploration.

It's so so important to ensure you have your ownership of licences & housekeeping all in order prior to any discovery announcements.

The guy who discovered Telfer mine just down the road from our licences called Jean-Paul Turcaud only ever got paid a mere $25,000 for what turned out to be a Tier 1 Multi Billion dollar mine and from what I gather spent years trying to claim further restitution without success.

A year or so later a small exploration Company called Dawn Day Minerals also claimed they had discovered Telfer but like Jean-Paul Turcaud both had failed to officially stake a claim and register a licence into their ownership thereby forfeiting any proper legal claim.

This left the gate wide open for a geologist

called Ronnie Thomson who worked for Dawn Day minerals, who then moved on to work for Newmont, in which position he informed David Tyrwhitt, then exploration manager for the company in Western Australia, about the promising gold samples that had been found.

Newmont paid Day Dawn just $15,000 for the maps of the deposit and Tyrwhitt staked out the claim in May 1972.

The rest is history....

WSBN have locked down full legal ownership of all our licences and with a Board of Directors that comprises a highly qualified barrister, a chairman of the World Gold Council and the Lord Mayor of the City of London (joining the BOD later in 2024)

I would suggest that the company is well positioned to benefit from significant exploration upside potential throughout 2024.

@mischief

I like to get in on the ground floor and will generally post more on those bb's when they are quiet like EEE and ORR used to be when hardly anyone was posting there before they took off. Looking back on some of my old posts it's remarkable how they ended up playing out as expected.

PortfolioPower

Posted in: ORR

Posts: 3,075

Price: 0.13

No Opinion

RE: JORC is out.12 Dec 2022 07:54

Quick calculations

305,000oz @ $1800/oz = $549,000,000 x times by 5% ( for open pit model from surface) = $27,450,000

Generally need to apply a further jurisdiction discount of 0.6% for frontier African districts to arrive at = Gold in ground valuation of $16,470,000

Present market cap of a mere 3millon doesn't look ro be anywhere near a reflection of the potential here given this resource is likely to grow considerably from here

PortfolioPower

Posted in: EEE

Posts: 3,075

Price: 1.325

No Opinion

RE: Fully expecting £10m mcap26 Oct 2022 14:20

Quite right.

This was one of those massively oversold exploration Co's that was due a bounce.

Just posted up the same over at ORR (Oriole resources)

ORR presently trading at a quarter of its Net Asset value with no debt!

Due to announce a Maiden Resource Estimate based on recent drilling activities and market sleeping on it at present

GLA

PortfolioPower

Posted in: EEE

Posts: 3,075

Price: 1.25

No Opinion

RE: 'world-wide significance'25 Oct 2022 13:36

1.30 PAID

Excellent volume here today

PortfolioPower

Posted in: EEE

Posts: 3,075

Price: 1.20

No Opinion

RE: 'world-wide significance'25 Oct 2022 13:20

Looking strong now.

Took some more this morning when I posted first thing.

Difficult markets at present so good to see the return of news driven risers making good gains.

Although mostly traders carefully toe dipping it's good to see the small cap space starting to finally show signs of picking up over the past couple of weeks with some liquidity coming back in.

GLA.

PortfolioPower

Posted in: EEE

Posts: 3,075

Price: 0.825

No Opinion

RE: “Giant” Copper Province Potential at Pitfield25 Oct 2022 09:06

Good RNS

Haha.. yes :-)

Kev,

The small cap market definitely put a bottom in November and is now back in an uptrend.

Almost like the last few sellers needed shaking and folk are starting to come back in

Take a look at the AIM All share chart.

Since November's bear market low it has steadily kept ticking back up week by week.

SDRY even... :-))

SDRay

This has kept moving strongly all day so far

I think it was a good question to ask, had the due diligence not come back as good as it did, they wouldn't have proceeded to exercise their option to buy.

Timber Trader is also correct in that you do have to commit to a certain level of exploration work as this prevents all the Majors coming in sweeping up all the licences and simply sitting on them.

The present system works well to enable juniors to explore prospective land holdings and as we've seen recently with the likes of EEE and Azure minerals operating in the same region as WSBN, it only takes one decent drill program and 10x 20x 50x returns can be seen quickly.

I actually think the potential here from such a low market cap / oversold position could be a lot more with such a battered down share price.

Initial Target price of 8-10p+ by summer with some decent drill results coming in isn't unreasonable imo.

Then, If we then drill down to 800m-1000m + at Red Setter (well below the permian cover) similar to those Havieron drills (as is planned) that hit decent grades over wide intersections then sky's the limit really for year end SP targets.

Strong buy from these levels.

GLA

WSBN had already signed their option to aquire the lease before they undertook their due diligence

That means the licence holder was obliged to sell this ground to WSBN for the agreed option amount regardless of what they found.

WSBN got the geos onto the license and as results have come back so good they exercised their option.

The tenements are within the Mosquito Creek Basin area which is attracting heightened exploration interest from several companies, include Novo Resources.

Novo's exploration leases, which have had successful recent exploration, have several major structures which continue into the Wishbone leases

Their market cap is £58m

Good to see this one recovering as did well here back in the day and JD has played these cards previously when needed.

"Due diligence at the site revealed "significant gold nuggets" of up to 78.5 ounces, and historical chip results at Mosquito include 117 grammes of gold per tonne of ore"

If there are significant gold nuggets already discovered of 78.5 ounces

@$2050/oz present price of Gold.

The company has already recovered gold nuggets valued at $160,925 from just the initial field work and due diligence whilst collecting surface samples.

Clearly an exciting prospect indeed and undoubtedly within a highly endowed gold region.

I'd say the chances of ongoing exploration success at Mosquito Creek look really very promisng here.

Cashed up now for the next planned drill program

located in the prolific gold area of Mosquito Creek, in the Pilbara Region of Western Australia.

Due diligence already completed ahead of drill program

· Geologists confirm the presence of significant gold nuggets on and within the Crescent East tenement package.

· The tenements are well endowed with gold, with historical rock chip results from within the project area that include:

o 95.5g/t gold ("Au"), 91.8g/t Au, 117g/t Au (original + 2 assays) (#800284)

Crazy cheap market cap here atm considering all the various land packages and cash held + Government grants.

Managed to grab some ORR recently on its lows around 3m m/cap when no one wanted it.

It's flown up 400% since.

Won't be surprised to see the same SP reaction here as we head into the next sessions fieldwork and even then at 12m m/cap will still be cheap.

Expecting Gold and Silver to go on a Major rally as rate roll over this year and funds pour back into these junior Goldies.

Happy to be loading up down here.

GLA