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Ann: Widgie Nickel Quarterly Activities Report & Appendix 5B, page-2

  1. 619 Posts.
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    Do the math on the 3Es $$$. A little eye watering (providing the extraction costs are good).

    • Some of the best Nickel finds in Australia for 20 years
    • Battery grade Nickel (unlike Indonesia's stainless steel grades)
    • Energy/environment friendly extraction due to the Ni being sulphide
    • Plans to mine in 4-5 months (not years or decades)
    • Plenty of Lithium near the surface, and we haven't even dug to the levels of the surrounding Lithium mines yet
    • Exploration keeps finding more and more, so we have to keep upgrading our resource estimates
    • Very few shares on issue, undiluted, and even a baby MC of $1b means $4.00 a share for Widgie - whilst other miners and explorers are printing shares - all their announcements are cleansing notices (click click click dilution), whilst ours are notifications about how much more we've found

    I would expect mining and exploration to continue side by side, as the resources continually upgrade. This really is a golden goose, but it's such a blip on the radar that nobody is looking yet. Enjoy the ride, GLTAH.
    Last edited by Kerbifer: 31/01/23
 
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