WFE 0.00% 2.4¢ winmar resources limited

Whate Really is goig ON, page-103

  1. 10,286 Posts.
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    Come on wooks08. You know better than that.

    Ore laboratory testwork

    it can be used to ascertain the appropriate metallurgy and the flow process. This is often the pathway used to enable companies to engage with consultants and engineers to determine the necessary equipment and designs for the plant. It is also critical in ascertain processing costs. The samples can be used to initiate offtake and/or funding discussions as well as determine the pathways to production. This can be via a pilot plant in new or unproven technology or process (like asn) or move straight to a plant. As Wfe has an established plant, it would be about the requirements to upgrade.

    I believe once the ore contracts were established sampling could have begun. It could gave also begun earlier. It most likely could have as plans of upgrades were announced late last year. However, it would be very difficult to execute offtakes when wfe in essence has no plant or confirmed production pathways. As the pathway has become clearer and the asx requirements have been achieved,the plant acquisition and its path to production is of a higher probability and ifftajescsn ve realistically entertained.
    this is where Oz does have a valid point. Better planning in how this was approached might have prevented this lengthy suspension. Further I believe both asx and wfe might have been had some uncertainty and definitely confusion on what was required. This has meant that it probably appeared that the asx was shifting goalposts. In reality this concept required extensive info to avoid pitfalls if a previous project brewer was involved in.
    unfortunately cobalt space is stuffed. Reality has set in. The price gas retraced more than most expected.now how feasible is this project in the short term. Let's wait and c.

 
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