RE:RE:RE:RE:Resource estimate this week
You may be right. But I found https://wallbridgemining.com/site/assets/files/2719/wallbridge_mining-_german_conference_nov_5th.pdf. Here is an excerpt: The Tabasco zone in itself has been delineated over a 600-700 metre strike length, a 500-600 metre vertical depth with average thicknesses of 12 to 15 metres, estimating 10M to 17M tonnes with average grades ranging 5 to 8 grams per tonne. Additionally, other zones currently being drilled (multiple vein and shear systems in Area 51, the Gabbro zones and the Cayenne zone) add significantly to the ultimate potential of the Fenelon Gold System exploration target. The median estimation just for Tabasco zone is 13.5m tonnes*6.5/31.10348=2.82m oz. If area 51 and Cayenne have similar resource, we should have 8.46m oz. However, I am not sure if the Tabasco thing mentioned in this paragraph include Cayenne. If it were included, we should have 5.64m. Still for the existing WM Market Cap of 407m, it is vastly undervalue. I believe right now, we should start the dot plot, like what the Fed has been doing before they actually perform any actions to the interest rate. There is absolutely no reason that Marz should continue the tight lips policy, when he has all the data to converge to a definite estimate. SKE has given hint to their RE days ahead of their actual announcement. They also delivered what they anticipated. The only reason why you have a tight lips is that you are being non-transparent and irresponsible to your shareholders. We also need to audit their NR's, because there are too much conflict of interest here, when you have the potential buyer in the board. If RE were any number below a reasonable estimate, it should be litigation time and we should be prepare to do that, and we must do our home work to face the potential evil and dishonesty ahead of us, because I am sensing this happening. I used to own GTT before it was bought out by Newmont. I felt lucky that there had been an activist investor who managed to become to new dissenting majority attempting to thwart the existing board. The activist investor would have taken over the board if Newmont did not bought GTT out before the decisive meeting to replace the board, who were totally self-serving and would not negotiate with Newmont for the reasonable buyout price. WM is under the worse situation with ES and KL together becoming the "undefeatable majority". I think it is absolutely important that we should be prepared for an unfair buyout proposal through prolong discouraging share price and intentional discouraging NR's. I believe anything south of 5M is intentionally crafted to discount certain disclosable resources, and we must do our home work and pressure the management with possible legal actions. JMHO.