Post by
trader53 on Apr 06, 2022 6:48pm
Peter deserves much credit !
He along with Grenville Thomas have always believed that the shovelnose had the potential to become a multi million ounce gold project. Peter absolutely loved the core from the first two holes in 2022 on the FMN and that core delivered. This tier one project has all the makings of an asset that would be on the radar of every major mining company.I understand that WHN still have $3,000,000.00 in its treasury and they are moving forward with two rigs turning. IMO this latest set of results is a game changer for WHN and the Majors understand that there will be many eyes on this tier one project. WHN woke up today!
Although Gareth denied it I still believe that Lundin Gold is keeping a very close eye on this project. The announcement that Paul McRae a senior VP and Board member of Lundin Gold came out of no where and joined the WHN Board is very interesting. The Thomas family have business experience with the Lundins and they the Lundins are currently mining a epithermal style gold deposit.
If Gareth and the team can add to the high grade encounters it would not take much to push the SP over $1.00 which would mean 10,000,000 warrants could be in the money and could deliver up to $10,000,0000 to the treasury. IMO the SP should already be over a dollar but please remember that I am very long and very much biased. GLTA