RE: WSBN18 Aug 2022 14:01
It's good to be positive, but you need a reality check or risk getting extremely disaffected / depressed when your hopes don't come to fruition (to the extent you're expecting at the moment).
WSBN may well find something of note as Red Setter etc. However, they may not. NCM and Telfer are close by and so avoid the CAPEX associated with constructing a mine. However, they may not deem it worthwhile if WSBN only finds minimal mineralisation.
Keep in mind the chances of finding a Havieron is literally a 0.07% chance! And only one in roughly 1000 'discoveries' develop to being mined. Obviously there are a couple of factors in play here that reduce those odds (slightly!) but remember not to fall in love with ANY stock, including this one. Ask yourself why you're so confident of continued unbelievable results when you're not so confident on other stocks.
Personally, I think most money is to be made on this share through trading, but I'm not a trader so I'll just hold medium term. I'm not a big fan of companies reporting 'visible mineralisation' and the like, and I'm not a big fan of the CEO Richard Poulden, but I am a big fan of risk/reward ratios and think there's a decent opportunity here. But still, don't expect this to be the next Havieron, and for the love of God don't expect the other prospects to be success stories! Just look at GGP with Scally. Duster results and they tanked. Still hope for both companies though.