Member Info for StuWoo

@gointomoonufo obviously been living on the moon: we (not you, obviously not a SH) have best part of $1.5bn dollar war chest in roughly 50% cash and 50% access to funding. Not to mention ongoing hugely profitable current ops.

Sooooh don't think we will need any placement anytime soon. If you could actually think, if you actually bothered to read/research before you wrote your silly 'quick one line negative, in/out' troll-trained comment, you wouldn't do it. Then again, you're job is to try to create fear otherwise you would explain your, ahem, logc?

So either gotomoon or why don't UFO?

Last try, sorry to clog board:

US 'headline' inflation rate is 3%, which of course isn't the real issue (so when FED cuts base rate savings =

Will try this way

Think metals might re-rate a tad.

Fed will cut IRs making effective savings rate

See !

No! Not being allowed to post this:

Think metals might re-rate a tad. Fed will cut IRs making effective savings rate

Think metals might re-rate a tad. Fed will cut IRs making effective savings rate

Think metals might re-rate a tad. Fed will cut IRs making effective savings rate

Think metals might re-rate a tad. Fed will cut IRs making an effective savings rate

Think metals might re-rate a tad. Fed will cut rates making effective savings rate

@Dips, as much as I love you (and you know I do!) and agree with 99% of what you say...

It really isn't jealousy.

It's envy.

I shall collect my coat and Gramma Nazi hat and bid you a great weekend fella!

Last loading chance!

I think if WSBN indeed have something truly substantial, their cap will be off seeking a deal with GGP backing ('NEWS' is going to post from DL, a man you can trust as far as you can throw a whale and if, as he says, was in GGP from start, will recall how the man pumped and dumped there).

I'm sure they have something but there is a long way to go from finding gold to mining it. If are 2 ore bodies, although the shallower seems more attractive and cheaper to get to, I doubt the WA authorities would be so over the moon environmentally about another open pit mine just a few clicks from Telfer, especially after the recent licences they have granted GGP. So that probably rules another big boy out.

'NEWS'is right. GGP and Havieron would have been nothing without NCM taking an initial and staged larger stake. But the terms were brutal and meant GGP kept diluting to meet their share of Capex - as WSBN would have to.

I think there is a big orebody at Redsetter (personally I think the whole Pilbara/region might eventually prove to be a district) but I think that's not the issue.

Do WSBN sell out to GGP now or borrow/dilute. more to prove more. The very best I think - all things going really well - is that WSBN stay in game with external funder, prove up what they have, get permissions to mine and do a processing/tolling deal with GGP to produce (assuming the WSBN ore can be throughput on one of the same gauges as the Hav and Telfer ores which will be crushed, milled and leached differently.

Or, if Resdetter does prove so big NEM, RIO or another big boy comes in for the lot - but as Shaun Day has already said GGP (though Telfer mill and Havieron alone) would cost an 'eye-watering amount'

For those few seasoned WA mining investors here who don't know, HAD005 was the core that convinced Callum Baxter and the Greatland team they'd found a fair bit of gold, such were some of the grades they were getting back from the labs and the clear and obvious visible signs in the cores.

They then, with their substantial backing from NCM, drilled the hell out of it, proving it up over the next 4 years in the sure and certain knowledge that, if it was the c20m oz tier 1 it has proved to be, then NCM would (as they did) build a huge decline to get to the enormous deposit that, they believed, would prolong Telfer's life.

Lots has changed in the Paterson since those days:

Greatland now own Telfer

Greatland has proved there are several lifetimes left in the old dog Telfer, drilling into some grades there (that would give the BOD as WSBN boners) that they have permission to mine now.

So much in fact, that with the current POG they can probably fund the entire CapEx of Havieron, at their own pace, from sales.

So, here's a few points:

Assuming Al Bondigas is not blowing things out of his other mouthpiece, and this single core may have indeed struck a seam or other mafic gold resource -

A) 0000ms more infill drilling will be required

B) Where's the money coming from for that?

C) So, let's assume in 3-4 years' time it does prove itself a genuine orebody, how is it going to be mined? Will WSBN hope a major backs them earlier at drilling stage as well as now at pre-mine?

Can't see that happening. Can't see a Major fronting up CapEx for a new mine unless orebody is low cover - which it is isn't. Especially when, as WSBN BOD keep reminding us Telfer is just down the road.

So what?

So that just leaves GGP. Who are busy making about £12-15m/week from the ever youthful, ever expanding Telfer with Hav's super high grade ore due to come on stream in 2027.

Even if we have got something why would they help us? They don't need us. But, if they did, everything would be on their (frightening terms. Right now Redsetter could be 3x size of Havieron and still no one might not touch us because of and including GGP.

Maybe a 5-7year play (before end of current gold bull run) where GGP sell out having bought out Redsetter as the next Havieron to develop, with a still profitable Telfer filling one of the milling trains there and Havieron the other?

No chat/post on here for one hour 34 minutes?

@pernickety,

I bought 7368 at 09:41:09 - printed as a sell...

Just did a dummy sell/buy on HL and former was £2.40.11, latter was £2.40 go figure?

Was only for 10 shares but...

Quick! Something negative. Why am I here I don't know

Do I own any shares I don't know just say anything.

Say something negative and get out

Come on and say something