WES - Mt Holland Gold Potential, page-2

Articles in News today 16/02/2024.

Mercury: WES caught in Lithium Crash.
Market Index. Lithium only drag on WES results.

So when WES purchased KDR Mt Holland they acquired 100% rights to the 1,200,000 Oz gold resource with significant blue sky upside in potentially more Oz of gold.

So my basic calculation on this is;

1,200,000 MOz Gold @ $3,000/Oz = $3.6 B
1,200,000 MOz Gold @ $1,800/Oz cost = $2.16 B

Profit after costs = $1.4 BILLION !!!!!

So why ???? isn’t this being developed to offset Lithium Capex ?????? I don’t understand !