you are completely wrong vayama, let me break it down for you and you will be shocked.
whe currently has 30m pounds at its pecs project. however, it is 600m below the surface and impossible to dig out. also, our friends have alerted us to potential political and environmental opposition to reopening the pecs mine.
on 31/10 october whe released its quarterly activities report. they stated that they had received the scoping study for the pecs deposit and it was under INTERNAL REVIEW. that was over 2 months ago
now ask yourself, why did they undertake an internal review of the scoping study??? may i suggest, the scoping study confirmed the pecs deposit is not economic and there is no hope of ever mining it. why not just release it to the market?
so what does whe currently have?
1. 30m pounds at pecs. they could have 10 billion pounds there and it wouldn't make a difference.
2. 2.32 million pounds at bison basin
3. hopes and dreams
let us move to bison bason. all they have managed to come up with is 2.32 million pounds with a s hitty 200ppm cutoff. this is their only hope of an economic project, and all they've got is 2.32 million pounds, not even worth p issing on. they need at least 20m pounds there to have a decent deposit, but the most they are targeting is 8-12 million pounds.
alot of people got sucked into the whe story, including myself. the reality is whe is like centro, all smoke and mirrors but not substance. imo blr is a much better company than whe. blr has 22 million pounds @ 0.12% and for a cheaper market cap is much better value.
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