WTE wedgetail mining limited

broker recommends wte today, page-2

  1. 84 Posts.
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    What broker??~!! Whoever it is he/she either can't read or can't add up.

    Note page 4 of the Paydirt Gold Conference presentation:
    Resources of 13Mt @ 2g/t for 860koz
    Page 5:
    projected production of 5.65Mt @ 2.06g/t for 328koz recovered.

    Where the H did you get +700koz reserves?? What a crock.

    And....a technical point....reserves are defined as that part of the mineral resource which can be economically extracted...yesterday's announcement would suggest that zero reserves is the case.

    I recommend much more care with numbers next time.
 
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Currently unlisted public company.

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