WDR - Western Desert Resources

[AussiePaul72]

Hey guys I have also been watching WDR for a few months now. I'm undecided on the iron ore tenements. However, the Japanese company (ITOCHU) must see a lot of potential in the Roper Bar iron ore project to be in a JV with WDR on this project. WDR also have the Mountain Creek tenements (iron ore) along side that are 100% owned which i think they are about to start sampling and mapping work on.

However, I'm quite interested in the drilling program that is due to start on their Rover tenements near Tennant Creek which are prospective for gold, copper and base metals. They are close to WGR & ADN tenements. WGR have already had some very promising drill results to date and ADN, who are in the very early stages of drilling, have recently reported some initial encouraging copper results.

I'm interested to know what this current trading halt announcement is all about. There was certainly a big increase in volume that knocked out the 12-13c resistance level leading up to the trading halt. All should be revealed Monday morning prior to open of trading!

 

[Sean K]

They've got DSO grades in this area, just wondering about the widths. 41m best interval is very good, but is it true width? Average thickness could be anything at this stage, but they indicate 10m ish. Not great, but it's DSO over a very long strike under relatively shallow (20 - 50m) cover. Need to check all the drill resuls to get a better feel for it, don't just look at 40m@60%. Must ask, if this turns into a deposit, how are they going to get the product to market? Out of Port Roper? Going to be a signicant Capex if this does turn into a deposit. Short term traders might run with it.

SIGNIFICANT HIGH GRADE ASSAY RESULTS FROM ROPER BAR AREA F

• First indication of possible Direct Shipping Ore (DSO) within the project area
• Best intersection of 41m at 61% Fe in drillhole RBRC170
• High grade iron mineralisation intersected over 1km of strike length
• Deepest mineralised zone intersected to ~ 90m depth
• Phosphorous & aluminium levels are very low
• The mineralised zone is open at depth and along strike

 

[jancha]

They've got DSO grades in this area, just wondering about the widths. 41m best interval is very good, but is it true width? Average thickness could be anything at this stage, but they indicate 10m ish. Not great, but it's DSO over a very long strike under relatively shallow (20 - 50m) cover. Need to check all the drill resuls to get a better feel for it, don't just look at 40m@60%. Must ask, if this turns into a deposit, how are they going to get the product to market? Out of Port Roper? Going to be a signicant Capex if this does turn into a deposit. Short term traders might run with it.

SIGNIFICANT HIGH GRADE ASSAY RESULTS FROM ROPER BAR AREA F

• First indication of possible Direct Shipping Ore (DSO) within the project area
• Best intersection of 41m at 61% Fe in drillhole RBRC170
• High grade iron mineralisation intersected over 1km of strike length
• Deepest mineralised zone intersected to ~ 90m depth
• Phosphorous & aluminium levels are very low
• The mineralised zone is open at depth and along strike

Thanx for your input Kennas. What do you mean by significant Capex? And with short term traders running with it...Does that mean they would be selling at high & re entering at at low ect?

 

[Sean K]

Thanx for your input Kennas. What do you mean by significant Capex? And with short term traders running with it...Does that mean they would be selling at high & re entering at at low ect?

Capital Expenditure to get the product to a port, and have a port capable of shifting Iron Ore. Looks like it will require a rail line from there, not sure of the distance, but it's not by wheel barrow.

It's going to open up at about 25c at this stage. I'm not sure how it will finish, often these things open up high and old holders take profits. Or, maybe the market thinks its an outstanding discovery and it keeps going.

 

[jancha]

Capital Expenditure to get the product to a port, and have a port capable of shifting Iron Ore. Looks like it will require a rail line from there, not sure of the distance, but it's not by wheel barrow.

It's going to open up at about 25c at this stage. I'm not sure how it will finish, often these things open up high and old holders take profits. Or, maybe the market thinks its an outstanding discovery and it keeps going.

Think your right with the old holders taking profit. 22.5c ATM with a high of 29c earlier on. Hopefully the next results that come out will be of a positive note also so that should push it up further. Still holding.

 

[Absolutely]

Capital Expenditure to get the product to a port, and have a port capable of shifting Iron Ore. Looks like it will require a rail line from there, not sure of the distance, but it's not by wheel barrow.

It's going to open up at about 25c at this stage. I'm not sure how it will finish, often these things open up high and old holders take profits. Or, maybe the market thinks its an outstanding discovery and it keeps going.

And as I understand it, it's very shallow water for a significant part of the coastline and some distance from the coast to deep water which will add to the capital expenditure if a port is even feasible in that remote part of the world.

 

[jancha]

And as I understand it, it's very shallow water for a significant part of the coastline and some distance from the coast to deep water which will add to the capital expenditure if a port is even feasible in that remote part of the world.

Depends on how much in the ground they have & at the moment they seem to have quite a bit of interest. Up 22%

 

[jancha]

News article in the NT News. Norm Gardner said the Roper Bar project could hold up to a billion tonnes of exportable iron ore which would have a mine life of a hundred years.

 

[Sean K]

News article in the NT News. Norm Gardner said the Roper Bar project could hold up to a billion tonnes of exportable iron ore which would have a mine life of a hundred years.

I couldn't find this article, but I did see a big fish on the front page.

jancha, do you believe the claims, and is so, why?

Must check this little snippets!

 

[adobee]

News article in the NT News. Norm Gardner said the Roper Bar project could hold up to a billion tonnes of exportable iron ore which would have a mine life of a hundred years.

I am looking for it now... Billion tonnes... I love the world Billion.. bit sketchy jumping in now though.. could still rocket or could trickle back down to 6c

 

[adobee]

Boom .. buyers drying up ..
picked some up at 38.5 ... suprising what a few rumours can do...


44c breaking .. hardly any sellers.. could run hard.. could be a pump and dump..

 

[jancha]

Boom .. buyers drying up ..
picked some up at 38.5 ... suprising what a few rumours can do...


44c breaking .. hardly any sellers.. could run hard.. could be a pump and dump..

I have a feeling this is more of a pump & dump & doubt that it will get back down to 6c. I think only more good news will come out of this. That of coarse is only my oppinion. Still going up.

 

[adobee]

hahaha i love that some one has a sell of 50,000 at $4.23 ??????
I might drop mine in just below that..

who knows still going strong and still half an hour to go..
as usual i got cold feet and canceled the balance of my buy which didnt get filled..

 

[jancha]

Capital Expenditure to get the product to a port, and have a port capable of shifting Iron Ore. Looks like it will require a rail line from there, not sure of the distance, but it's not by wheel barrow.

It's going to open up at about 25c at this stage. I'm not sure how it will finish, often these things open up high and old holders take profits. Or, maybe the market thinks its an outstanding discovery and it keeps going.

LAST week, when writing about Western Desert Resources, The Dirt put two and two together and came up with 28. We figured the company would use the Darwin railway for its Northern Territory iron ore production. Not so, apparently. The thinking is to send the ore by road train to the Gulf of Carpentaria and barge it from there.

 

[Bigukraine]

LAST week, when writing about Western Desert Resources, The Dirt put two and two together and came up with 28. We figured the company would use the Darwin railway for its Northern Territory iron ore production. Not so, apparently. The thinking is to send the ore by road train to the Gulf of Carpentaria and barge it from there.

If this is fact wouldn't it be more costly to move this method??? and the barge
don't like it much during the wet!!! shares down under .40c might jump back in at .36 ish

 

[Bigukraine]

If this is fact wouldn't it be more costly to move this method??? and the barge
don't like it much during the wet!!! shares down under .40c might jump back in at .36 ish

Had a read of the of the investor pres. released today and one glaring fact;
LOOKING TO START PRODUCTION WITHIN "THREE YEARS TIME" Very open time frame and cost blow-out? I feel a cap raise comming up in near future!
:sheep::couch:bigun2:

 

[jancha]

Suspended from trading due to failing to lodge their financial report to the 30th end of June.
So are they suspended indefinitely until they lodge their report?

 

[Sean K]

Suspended from trading due to failing to lodge their financial report to the 30th end of June.
So are they suspended indefinitely until they lodge their report?

Yep, I think so. Quite a few got canned this morning, some only just made it before the open. Just how listed companies manage to do this is beyond me. Maybe the dog ate it?

 

[jancha]

Yep, I think so. Quite a few got canned this morning, some only just made it before the open. Just how listed companies manage to do this is beyond me. Maybe the dog ate it?

Lol Well that must give share holders in companies like that a great deal of confidence in their management. Too bad if your day trading.

 

[Bigukraine]

up around 18% today last time there was a spike like this for no reason an anouncement came along. watching with interest:goodnight