Hi Sparecash,
Who said there is an issue with WKT lab, it only just started operating,
The nonholders have always claimed the variability in WKT deposit will have its complications, I believe the 600 tests per month will only be a fraction of what is required due to narrow veins of high-grade mixed within the low-grade mineralisation, Farmer has claimed many times that the 5-10% mining dilution is unlikely to be achieved, any dilution in grade significantly impacts the average TGC grade being feed to the processing facilities.
The other thing the pump crew failed to understand is the variability of contained flake size. it is not just a case of processing high-grade TGC, when the lower TGC grades had better ratios of jumbo flakes.
Have you seen a company change its mining/processing plans after they started processing a certain ore type? It leaves a bitter taste
It might explain why WKT is now stockpiling the newly mined mineralisation rather than processing the 19kt stockpile that was ready to go.
Anyway, you will all become aware of these issues when WKT starts mining, I am looking forward to all the excuses to explain why the jumbos have gone missing.
One last thing for you to think about, With BMCG still having millions of shares to sell, why do you think they are not taking advantage of the significant depth below? they were only selling shares at these levels for the past few months, Do you think they have been asked to stop selling? Or do you think they want the SP to increase for WKT will draw down on their US$9.3mil facility. I am fairly certain they will be issued shares at 9.46 cents.
- Forums
- ASX - By Stock
- WKT
- Ann: Development Progress - Lindi Jumbo Mine
Ann: Development Progress - Lindi Jumbo Mine, page-3648
-
- There are more pages in this discussion • 3,324 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WKT (ASX) to my watchlist
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.12M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.8¢ | $25.33K | 255.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 75500 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 321161 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 75500 | 0.098 |
2 | 370416 | 0.096 |
2 | 92238 | 0.095 |
2 | 138296 | 0.092 |
3 | 325000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 321161 | 3 |
0.105 | 140113 | 2 |
0.110 | 83620 | 2 |
0.115 | 120000 | 2 |
0.120 | 369902 | 7 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
WKT (ASX) Chart |