Nice try Mentalist, your logic is impeccable, unfortunately your numbers are complete and utter rubbish.
Being a geologist what your "geo mate" fails to understand is ECONOMIES OF SCALE.
Check out Canada Nickel. They're a few years ahead of WMG and have done the numbers on a deposit with even lower grades. Their Life-of-Mine All-in-Sustaining-Cost is US$1.94/lb or US$4300/t, not bad margins at todays nickel price. Because when you mine at scale, costs are fractions of what you quoted.
Yes WMG has a long way to go proving up Mulga Tank but they're also not a $200m company yet. As they continue to demonstrate broad intersections of disseminated mineralisation in an apparently flat lying body over several kms with essentially 1:1 strip ratio then perhaps they'll get there one day.
- Forums
- ASX - By Stock
- WMG
- Mentalist123
Mentalist123, page-5
-
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $20.01M |
Open | High | Low | Value | Volume |
23.5¢ | 24.0¢ | 23.5¢ | $6.101K | 25.52K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 54750 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 14000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 54750 | 0.205 |
2 | 55000 | 0.200 |
2 | 26450 | 0.155 |
1 | 90000 | 0.145 |
1 | 350000 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 14000 | 1 |
0.250 | 24993 | 1 |
0.255 | 3139 | 1 |
0.260 | 5000 | 1 |
0.285 | 50000 | 1 |
Last trade - 15.36pm 13/09/2024 (20 minute delay) ? |
Featured News
WMG (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online