Love $Fil, but…. let's be honest the easy money has been made here. Sure a 2x could remain on a buyout, but hard to see this gaining much more without production achieved in house and that will be several years away. So who will the next 10-20x TSX stock be? I think it's the below company...
Drills just started turning on a project with these pre existing intercepts...
45m - 26 g/t Au
Inc. 16.8m of 48.14 g/t Au and 24.4m of 6.22 g/t Au
83.8m - 4.9 g/t Au
44.2m - 4.01 g/t Au
25.6m - 8.44 g/t Au
9.1m - 41.55 g/t Au
29m - 5.29 g/t Au
43.4m - 6.03 g/t Au
13.72m - 72.12 g/t Au + 463 g/t Ag
10.67m - 25.01 g/t Au
9.45m - 25.45 g/t Au
9.14m - 27.88 g/t Au
20.4m - 9.77 g/t Au
4.58m - 23.36 g/t Au + 799.2 g/t Ag
2.13m - 29.59 g/t Au + 900.6 g/t Ag
3.04m - 40.05 g/t Au + 1144 g/t Ag
7.62m - 25.6 g/t Au
I've left most silver grades out aside from the exceptional strikes. But they average 3oz/t Ag including best results up to 2000 g/t Ag.
Management reporting drilling without smears. Some of these holes are smears after I connected together the sub-intervals for the market.
The reason for the sub intercepts is because this project is often RC drilled shallow, then DC drilled deep off same hole. Every hole gets a 5m spoil section in mineralization due to drill change over contamination.
This advanced stage exploration Junior has a market cap of just $39m... With 30+ intercepts of 5 g/t Au or greater not in the resource estimate yet.
This is the highest grade undeveloped deposit over 1moz in Nevada. But is likely already 2moz+ project when all drilling makes it into the estimate. Meaning it trades for about $20/oz with tremendous exploration upside.
This project did 80,000oz production from surface open pits in 85/86 at 4 g/t Au. Can be rapidly permitted and put back into production for less than $50M capex and due to past production and private land standing permitting process will be fast and simple.
This company is $WEX.
$WEX is new to the TSX as of last year and flying way under the radar. Still building their market, but with grades, location and people like they have, making a market won't take long!
Just dropping smart info off here for smart mining investors who know what numbers like this mean. It goes without saying for sediment hosted gold in Nevada, the numbers are Goldstrike mine type special!
Best way to get a 100 bagger. Back to back 10 baggers!!
Barrick owns part of this deposit, I expect them to emerge if drilling continues to perform as it has thus far. Perhaps as a JV partner or financier would make sense.
Also geophysical data showing 10 faults hiding beneath post mineralized cover that possess the same signatures as the above orebody.
Could be Nevada's first 10moz+ discovery in decades on the horizon for $WEX!
Wont relentlessly spam, one and done post for this board. So do with it what you will. Drills are now turning on the high grade targets for the first time ever as a public company. Results expected in September! Place your bets!
GLTA!