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2.3¢ win metals ltd

Ann: High Grade Widgie 3 Nickel Results, page-9

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Undaunted

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08/09/23

12:57

Post #: 69785023
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Originally posted by Wheresthebeef: ↑

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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Arsenic levels can be managed by blending - not all the deposits at Widgie have an arsenic issue. Also keep an eye on Indonesia and the group that just turned up on WIN's register following the recent placement. There are dozens of smelters and refineries in Indonesia printing huge money atm and screaming for more feed. I remember when BHP shipped laterite ore from Indonesia to Townsville - WIN's concentrate could easily go in the opposite direction

WIN Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.3¢		Change 0.001(4.55%)		Mkt cap ! $7.358M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.2¢	$1.137K	49.77K

Buyers (Bids)

No.	Vol.	Price($)
1	85386	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	76674	2

View Market Depth

No.	Vol.	Price($)
1	85386	0.022
2	190000	0.021
7	408815	0.020
1	1600000	0.019
2	82000	0.018

Price($)	Vol.	No.
0.023	76674	2
0.024	40029	1
0.025	324947	5
0.027	34436	1
0.028	11185	1

Last trade - 11.19am 26/07/2024 (20 minute delay)

WIN (ASX) Chart