WFE 0.00% 2.4¢ winmar resources limited

Whate Really is goig ON, page-107

  1. 2,722 Posts.
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    “I have always used the LME buyer price, which currently stands at $US26k/t. When the LME price went up 10% a couple of months ago you seemed happy to use it then as well.”

    I referred to the delta of 10% to reference the NPV spider chart which you completely forgot about when posting those delusional comparisons NPV vs MC.

    Considering the companies buy price with the ore suppliers is based on the LME price, then it is certainly a fair price to use. As the buy price is based on that, I would expect any offtake sell price to be based on the same criteria, just for consistency. Besides the LME price is the only pricing mechanism ever used in any announcement.........“

    The LME Fastmarkets price was introduced in March 2019 since the announcement you are referring to is February. Keep up Oz, they couldn’t refer to something that didn’t exist. Since then I’ve spoken to management, of which I do ask important questions, and one was the referenced as LME Fastmarkets. You see if you took up the courteous opportunity afforded to you for a chat with JB you would be a lot more informed. Of course that might mean you have nothing to throw stones at....


    You can keep your head in the sand as long as you like, but approaching this new plan via the correct methodology could have had WFE producing cobalt by now, if the business case had stood up to scrutiny, but you just don't want to believe it.

    Refer to above about your actual head in the sand, not mine.

    LOL Not as funny as producing cobalt by now. Hilarious! What happen to recompliance all of a sudden?? Less than 12 months with no offtake? Firstly which JV entity, which ore contracts, which product samples, which offtake agreement, which plant mods, commissioning, etc etc. Oh my what a change of heart

    No wonder you make things up, no limits when you aren’t being genuine, just your imagination I guess.


    The 3 years bit that you made up is if they just took on the exploration leases and nothing else.”

    You have always pumped the explore-JORC resource-feasibility route. Hypocritical now to deny it! There is no denying 3 long expensive gruelling years just like all the others. Shall I post the roller coaster chart for you?

    ”But remember that could come to nothing, as we don't know if there is anything mineable in those leases.”

    5 selected leases in various advanced stages in the middle of cobalt central in the DRC! Lol and you reckon they might amount to nothing?? Are you joking?


    Come to think of it, why do you waste JB's time if you don't talk about anything important?

    Yes I talk about important things within reason of what can be disclosed. Refer above such as Fastmarkets pricing, previously I’ve mentioned other non sensitive information. Other posters have posted email conversations. JB seems ok to give holders some of his time every few months that’s what I like about him and he doesn’t mind hearing an outsiders view on things. That’s why I guess we know and you guess! Not hard really if one is genuinely interested. I guess you’re not.


 
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