Member Info for Prospector

wentsland, the news is substantial. It's just that people don't realise yet.

Firstly, the statement "drilling later this year" is a generic term used in the report to cover all scenarios. It doesn't mean drilling on red setter will be delayed. The statement was used to cover all exploration planned this year. Secondly, the western Australian mining season is not the same as Queensland. In WA it is usually from April - November due to temperature. Mining operations in Queensland happen all year, but is less predictable due to flash flooding, storms, etc.

Short6, does it matter if the SP rebounds this month or next month?

Slimgizmo, the more it drifts the closer we are to a rebound. The actual lab results will mark a significant milestone for the iron ore project. Then a drill rig for EH and Mexico drilling permits will be see much anticipated progress. This is a time to buy, not sell.

MCap only 26m. Unbelievable.

It's not that. I was in GGP since the early days and on many occasions after excellent results, it took days before people realised what it meant.

Your thinking is wrong, parkboy. You're going to get people selling without much regard to the offer price - they cannot cope with waiting and don't understand what the news means. Sooner or later the dust will settle and the serious investors will arrive.

This clearly shows there is a lot more to come from Hanc0ck, and we are now targeting higher grade areas.

Next up: Halo gold / copper prospect.

Don't worry Chris, there are many knowledgeable investors here who can help you understand exploration companies. I know it's a bit complicated at first, but if you want to know how it all works, just ask.

Because there is much more potential gain for the previous owners of the land packages by owning over 11 million shares and over 5 million warrants in WSBN. What could Newcrest possibly offer for unexplored land that the owners would be interested in? The majors don't just throw cash around on a purely speculative basis. WSBN may yet look for a joint venture to speed up exploration, should they discover something interesting.

Stop talking nonsense, tacet. There are no brokers that would allow anyone to short UFO. It's rubbish. Next you'll be saying there are a load of PUT option contracts.

Yayay, you have to wait. There will be sustained rises if we continue to get good progress. I was in GGP for 4 years because I was confident the CEO was doing the right things. I think Bill also knows what he is doing.

The higher the silver price goes the more likely the economics will stack up. This is the beginning of a new commodities boom.

There is a lot of imminent news coming in the short term, and yet people sell at this price. Insane.

Further iron ore results (including potentially higher grade ridges)
Silver tailings acquisition
Donovan 2 drill results
San Celso & Los Campos drill permits

EWT98, The only delays happening are in your own mind.

Steveiom, drilling at Han was still ongoing on the 11th March. So you can assume drill cores were sent to the lab somewhere around the end of March. So that's only 5 weeks at the lab. There is no delay. You need to think about what you are saying before posting this nonsense.

The drill plan is already done, Muppet. What did Richard say in his last interview? He said more exploration first - that's what Terra Search have been doing. Why are you buying shares when you have no clue what's happening? Of course they need the permit before drilling.

As soon as the permit is received WSBN will only be doing a couple of initial holes, then wait for results. If the results are good then the next stage will be planned. The permit will allow up to 30,000m over 4 years, This type of permit in WA are normally issued quite quickly.

petej247, UFO is an exploration company and any revenue is a bonus. Exploration companies do not have to generate cash to increase value - they generally consume cash. The value comes from proven assets. We have to be patient and consider what Hammersley and the Donoval 2 JV would be worth with good results, then later increasing value from EH, San Celso and Los Campos silver.