RE:RE:RE:RE:RE:RE:I have almost completed my initial DD on WRN “Please read the company's Feasibility Report from March, 2023”
I just skimmed it after reading 7 million ounces of Au. I believe that if a geologist signs his name to a report, I figure he probably knows more about it than I. So, I assume their interpretation of the ore body and its formation is better than that which would require research in a depth that my time actively managing my portfolio of about a dozen miners wouldn’t allow. It’s been 50 years since taking Geol. 101 and I hate looking up terminology.
If you feel imposed upon by my elementary questions, please simply ignore them. I am a novice with Western and I am basically as ignorant about Western as you have pointed out, however I’ve traded PM stock for more than 20 years, and have found my ability to see the possible value of the mine better than most.
One of the important benefits that one can gain from a public MB is that we all bring our individual education and experiences that may assist one in evaluating mining projects, and we each have our own means and procedures of conducting DD that we are accustomed. My major focus is macroeconomics which is a bit time consuming, as is my research into how climate change is and will affect mining operations worldwide.
Oh, and sometimes other members will offer insight not recognized before. So, what was the quarter billion spent on? The reason I ask is an impression that the stock price seems high for a project at this stage of development, or another way of saying it as it has attracted considerable investor interest and support. I was curious why.
b.