WIN 6.90% 2.7¢ widgie nickel limited

Ann: High Grade Widgie 3 Nickel Results, page-8

  1. 154 Posts.
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    BHP only accepted nickel with asppm below 400. And that was to mix with very low contaminated feed. There are at least 15 holes of worrying levels including hole 88. This share price doesn’t move until the lithium project is monetised and the market can work out how much the company will need to raise in addition to any lithium revenue. $50m-$70m cost for a processing unit. Thats double current mktcap. Two raisings coming I reckon - one small raise to fund lithium extraction, one big raise to fund processor. The price isnt going anywhere for a while.
 
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