WPG wpg resources ltd
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    12/02/08
    23:27
    Post #: 3347265
    One thing that troubles me Vayama ( and would appreciate your insight into this, or anyone elses... ) is that in WPG's Bankable Feasibility Study, ASX release 24/9/08, they state an operating cost of A$55 / tonne ( ex Whyalla ). Now if 1 tonne of ore goes 63% Fe, then at current prices of roughly A$100 for 100 Fe units, does that not make 1 tonne of WPG ore worth only A$63. ie a profit of just $8 / t.
    Am I missing something here....
    WPG Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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