Ann: MTD026 Aqua Regia Testwork Confirms Nickel Sulphide, page-84

Have been following WMG for a while.

The recent shareprice drop is probably due to the shocking scoping study produced by Chalice.

Chalice put out a SS showing

A discount rate of 6.5% - extremely low in this market
Commodity prices very high above long term assumptions as well as current prices.
Playability for all metals much higher than what would be achieved. Nickel is normally 75% of commodity price not 90%

Capex figures are for building a mine in 2023 not 2029 which is when they expect to be constructed.

There is also no upside in scaling up production / throughput as 15mt to 30mtpa is a HUGE operation.

Both WMG and chalice are low grade sulphide deposits. But with chalice having by product credits.

Slow news flow and costly drilling to come WMGs way also.

Chalice recent slimey SS is not a good look for this project unfortunately.