Yeah, your right. The rest of the market is getting smashed, I'm surprised at how well this is holding up.
Hopefully, this time next year WIN should be production ready. So 2023 should be a better year for us.
Considering WIN could make anywhere from $20 million to $68 million+ profits from Armstrong alone, an 11,500t Ni deposit. What kind of profits could WIN make from Widgie 3, Widgie Townsite & Gillet? A combined potential resource size of 70,800t Ni.
The scoping study used a spot price between $18.5K/t to $22K/t, but the current nickel price is $28K/t. The current exchange rate is now at 68 cents, the upper range of their assumption below.
Add to that another 8 deposits still to investigate further. This point can't be stressed enough, IMO. There's still so much more to explore!
Plus, there are multiple prospects for more nickel & the possibility of other byproduct metals, given the assays that have already been released to the market.
Below is the current spod price. Mind you, this is spod at 6%. If WIN is just going to pull it out of the ground & throw it straight onto a bulk carrier, then the price would be considerably less. But the lithium deposit would be less expensive to develop, so it's a tradeoff. It's still money in the back pocket for shareholders.
Personally, I see nothing but good news ahead for WIN, with many assays still due. It would be nice to hear some news on the off-take front. Perhaps that would wake the market up more? Yes, we have nickel, gold, lithium & more. But we don't have any customers to sell to yet.
I know I probably sound like a broken record on here with all my posts, but I think it's important to remember the big picture.
Merry Xmas everyone & good luck to all holders!
WIN Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
