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0.00% 32.0¢ western mines group ltd

Ann: MTD026 Update and Expansion of Mulga Tank Drilling, page-226

  1. tmc77
    182 Posts.
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    29/05/23
    11:22
    Post #: 68011747
    Metallurgy is just as important as grade. Mt Keith from memory is roughly 60/40 sulphides vs silicates, and the silicates are not economical to mine, so Mt Keith's grade is closer to 0.3 not 5.7 when that's taken into account.
    If WMG has the same metallurgy as Mt Keith it will be a problem, ifs the ore body is 100% sulphides it will be mined even at 0.25.
    WMG Price at posting: 68.0¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch.  Great analysis
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