r/valueinvesting
WPG.V – West Point Gold runs +18.5% on strong drill hit (66.2m @ 6.57 g/t)
WPG.V surged 18.5% on strong drill results at Gold Chain, prompting the author to raise their rating and hold despite pre-resource risks.
- Strong high-grade drill results at Gold Chain (66.2m @ 6.57 g/t Au) extending the zone past 250m depth.
- Strategic agreement with Kinross and fully funded status in tier-1 jurisdictions (Arizona + Nevada).
- Significant de-risking step with 21 holes still pending for the maiden resource expected in 2026.
- Pre-resource stage carries inherent exploration and valuation risks.
- Potential for future share dilution despite current funding.
- Jurisdictional risks remain a factor for the projects.
Hey r/ValueInvesting
Quick update on WPG.V (West Point Gold).
On June 23 we highlighted it as a tier-1 US gold explorer (Arizona + Nevada) with a strategic agreement with Kinross and a maiden resource expected later in 2026.
Today the stock jumped +18.5% after a strong drill result at Gold Chain:
• 66.2m @ 6.57 g/t Au, including 20.7m @ 18.25 g/t Au at NE Tyro
• Hole extends the zone past 250m depth and remains open
• 21 holes still pending for the maiden resource
Our take: Solid de-risking step on a funded explorer in a tier-1 jurisdiction. We raised our internal rating and continue to hold. Risks remain (pre-resource, dilution, jurisdiction), so sizing is important.
Educational only. Not financial advice. Always do your own DD.
What is typical g/t and why is this good?
g/t = grams of gold per tonne of rock.
Typical grades:
• Open-pit mines: 0.5 – 2.0 g/t
• Underground mines: 3 – 8 g/t
• High-grade: 8+ g/t (excellent)
Why 6.57 g/t (with 18.25 g/t intervals) is good for WPG:
• Very solid for an early-stage explorer.
• Means lower production costs and higher margins.
• Makes the project attractive for majors (like Kinross already involved).
• Increases the chance of economic viability even at lower gold prices.
This is why the market reacted strongly. High grades = better economics and higher upside potential.
Let me know if you want more details.
Feel free to let me know jf you have more question!🙋🏻♂️