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Ann: Widgie Nickel Quarterly Activities Report & Appendix 5B, page-7

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Latimerbrown

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31/01/23

17:38

Post #: 65984407
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Originally posted by triage: ↑

More than just signs, they've put some actual numbers out: "contained metal equating to 4,100oz Au, 8,300oz Pd and 4,100ozPt". I think I remember Steve Norregaard talking about choosing to use a concentrator that can extract gold etc over one that cannot. Makes sense seeing those numbers. I can't recall whether BHP pulls out the 3E (or whatever the terminology is) or just throws it away (???).

SN uses some unusual phrasings at times and muddles his metaphors a bit as well eg "scratch the tip of the iceberg", whether intentionally or not. Nevertheless he's articulate and besides he's not on the payroll as a speech writer so who GAF.

More worrying for me though is he is not always consistent in his messaging. I am 100% sure that he recently said in effect that they would be mining at Armstrong by the end of June. Progress! Gone was the passive "getting Armstrong to a production-ready state" and the production timeline running out to the end of the calendar year. But disappointedly in this quarterly report he's gone back out to the end of December and then only being "production-ready". You don't deserve any performance points for being all dressed up and nowhere to go, mate. We need cash flow. A possible read is that BHP is being stand-offish and Armstrong may not actually get into production this calendar year.

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Hi Triage,

forgive my ignorance, where in the quarterly does it say "we are aiming to be production ready by December" I couldn't find it. Mind you my eyes are poor and I am using my phone

cheers

WIN Price at posting: 37.0¢ Sentiment: Hold Disclosure: Held
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Ann: Widgie Nickel Quarterly Activities Report & Appendix 5B, page-7

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Ann: Widgie Nickel Quarterly Activities Report & Appendix 5B, page-7

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