WMG 0.00% 24.0¢ western mines group ltd

Tier 1 Discovery, page-147

  1. 1,006 Posts.
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    Shall we play join the dots Ash ? As we are playing on the ASX and we have PGE's Chalice's performance post Gonneville Discovery should suffice as a yardstick.

    Barry Dawes says "
    • Potential for contained nickel at Mulga Tank is far higher than CHN’s Gonneville Project to date

    When Chalice peaked over $3 Billion and had a market cap of over $2 Billion Dollars before the metallurgy/ recovery rate news dropped (In the scoping study) very late in the exploration faze of the project and now is $500 Million as a result .

    So if WMG peaks over 3 $Billion MC with 100 million shares after a 33.3% dilution to cash up and Drill the Monster the SP would be $30 with no nasty surprises in the scoping study .

    Because ..."The Huge volumes of Nickel in sulphide form is easy to beneficiate from this rock type."

    I don't know,






 
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