Member Info for Splattered

The RNS mentioned planned 500m hole 3 approx 1.6km N away from 1 & 2 . Why would they do this?

Either

A hole 1 & 2 barren and let's start again somewhere else

Or

B hole 1 & 2 promising/gold and let's see how big this mineralisation area is

I am reading the RNS correctly?

Please add facts and thoughts

Thanks to all and GLA

Seems to me we are drilling / day much slower than PIs have previously thought/ assumed, and the assays will take much longer - these are not small samples 300m+ to assay

Thank goodness I can hold long !

LOTM

really appreciate the work you are sharing here

When you predict depths of the drill, how much, depth in meteres per day, do you assume a double shift advances?

For me it's not 2 x 16m , it's more like a 22m estimation/day and that's without fishing trips

Professor

Do the drills go to 2000m? If so then they should if mineralisation is still being hit. The more data and profiling of the dome the better for the potential of the company and ultimately it's market cap.

LTH as long as needed 🙏👍

GLA

Healthy cake News?

If WSBN actually is still in mineralisation at ~900 m, the most professional path forward would be an RNS Monday or Tuesday morning confirming progress and calmly detailing next steps.

If LTH then I guess trust the process, understand SP can go up or down, and we can average up or down. There have been 2 opportunities to trim - i missed both. LTH is not money to pay mortgage so LONG TERM can be months or years - if there is a better opportunity elsewhere then sell up and forget. I'm staying here

LOTM - thanks for the hole depth estimate and the hope for more information - I ran your post through chat:

Real-time transparency vs. premature disclosure

At 900 m, if the core logging continues to show consistent alteration/mineralisation without definitive assays yet, that’s encouraging but not confirmatory.

As a professional CEO, I’d avoid hype. Instead, I’d instruct the geos to document carefully, maintain chain of custody, and prepare a factual RNS once a major milestone or zone change occurs.

Premature “we’re still in mineralisation” tweets can backfire if the next 100 m turns out barren

ChatG

Elasticity Example (Gold = $4,000)

Let’s do a concrete numeric example like before, but with $4,000 baseline.

Assumptions / Inputs:

Baseline gold price = $4,000/oz

Change in gold price = +15% → $4,600/oz

Junior explorer (Wishbone) baseline share price = let’s say 1.50 pence (1.50p) — just a hypothetical reference point

Assumed elasticity (leverage) of the junior explorer = 2.5× the gold move

Gold +15% × 2.5 = +37.5% (i.e. share price moves ~ 37.5% upward)

Projected share price = 1.50p × (1 + 0.375) = ≈ 2.06p

So in this scenario, a 15% gold gain (going from $4,000 to $4,600) could translate into ~ +37–40% gain in the explorer’s stock, all else equal.

ChatG

I'm still learning and relatively new to this -4 years in WSBN but averaged down to well below 1p

Appreciate everyone's contributions here - thanks

⚖️ 3. Elasticity Example

Suppose:

A mine produces gold at $1,300/oz cost.

Gold price = $2,000/oz → profit = $700/oz.

Gold price rises to $2,300/oz → profit = $1,000/oz → +43% profit jump for a 15% rise in price.

So gold-mining shares tend to move 2–3× more (up or down) than gold itself — this is known as leverage to gold.

CrazyT

What do you base the Monday 0700 RNS on?

Expected?

Let them do their job and we do ours?

KEFIGOLD

I hope your prediction is right, but I'm not sure it's rational. Things seem to take more time than expected here, at KEFI, Africa etc. If it was predictable then surely SP would already be to the moon?

KEFIG

Why fast forward? Why not let the company do its job?

BingoB

Do you have information to back this up? Thanks

KEFIGOLD

Whats this based upon please?

Many informative posts by KEFIGOLD thanks

Morning Bez and all

Bez wrote:

《I believe the area, willingness to drill day and night, type of equipment being used. Risk is Mr Lenigas》

Rewards vs risk:

Reward factors:

Tenements applied for

Proximity to other gold and mines

Placements /dilution already done & enough for current drilling 5-8 holes

Price of gold

Drills already on site and double shifts

Geo data

Visual data

Risks:

assay result - hole 1, hole 2

time

Money runs out

People filling their own pockets

The market - unpredictability

Please add to these - I believe there are more risk reward factors

Have a great day all - surfs up in Cornwall

Bez

Why do you believe the rewards outweigh the risks?

Thanks for your contributions here

No concerns - trust the process LTHs

Casper thanks for sharing the bottom line facts

all your work much appreciated

Ez

Definately would be useful, but doesn't change anything if LTH imho

Trying to be rational rather than emotional, but like all things in life, not easy

LOTM

Thanks for your work here. Keep up the information please, you are contributing positively with posts like this