I have not lost interest. My position remains unchanged. They have a very large low grade sulphide nickel deposit and they need to find a sweet spot of high grade to help get the economics over the line. WMG are still looking hard for the sweet spot in a huge deposit. They are at the same time proving up the low grade resource. This strategy makes sense.
I am not sure about the small cap raising. It may be better to raise a much larger amount and get on with it. However capital raising is difficult for explorers at present and must be even more difficult for nickel explorers, perhaps they are doing what works in the current market.
I am so busy with work and life that my postings have been few this year. I do follow WMG and will post if anything changes in my view of them.
DYOR Not investment advice
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Open | High | Low | Value | Volume |
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27.5¢ | 4031 | 1 |
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1 | 5000 | 0.225 |
3 | 50000 | 0.220 |
1 | 30000 | 0.215 |
2 | 5000 | 0.210 |
Price($) | Vol. | No. |
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0.275 | 4031 | 1 |
0.280 | 10000 | 1 |
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