Australia's largest stock trading and investment forum Australia's #1 stock forum

Short Term Trading Week Starting: 27th Feb, page-66

First 66 Last

Share
Profile

Follow
cr7

801 Posts.

7

27/02/17

13:38

Post #: 22935395
Share

Originally posted by Freehold ↑

WMN - Mcap is Low

27 February 2017

High Grade Historical Cobalt Mine Acquisition

 Multiple cobalt-nickel sulphide target zones include: o Northern (Zemberg-Terezian) Vein System: 1,500m strike, 300m depth and 0.7-1.5m wide sulphide mineralisation. Lower extents veins exploited at grades of averaging 4% Co and 16% Ni and results of up to 8% Co & 17% Ni. Upper levels reported grade of 1-7% Cu, 200-900 g/t Ag, 0.6-5.9% Sb, 0.10.3% Co and 0.1-0.6% Ni. o Southern (Georgi- Martini) Vein System: ~1,500m strike length, grades of up to 2% Co and 28% Ni  Historical production of 430,000t of high grade CobaltNickel in early to late 19th Century; ore was hand sorted and shipped to England for smelting  Collation of all historical data relating to the Project presently underway  Cobalt price has risen by 100% over past 12 months

Expand

Free when factor in vendor and placement shares they have around 597m soi. Which at 4c = $24m mc @4C with $3m cash
4 Upvote

0 Great analysis

Reply

Top Stories

DRO

History repeats for DroneShield investors but carnage so far subdued

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

First 66 Last