Hi Sirrobbo,
SYR's mine looks fantastic too, the issue isn't what the mine looks like, the important part is what is produced.
With all of these by-passing stages @SpareCash7 has identified, WKT is yet to produce the ratio of jumbo's they forecast. How can I say this, SYR did achieve their Coarse flakes when they first got into production, yet we all know how they lost their flake size.
Anyway, time will tell if WKT can replicate its DFS forecasts, I am doubtful, I also suspect the expansion will be required to make the project viable. producing more battery and large flakes, it will be difficult to generate the revenues to service the debt and generate any meaningful profit.
Anyway, Its great to hear that you are all expecting the US$2mil injection to come from a CR, it might explain why no one is snapping up the shares on market. Is it a case of why buy now when you can get them into the future for a discount?
Embedded growth opportunities INTERNALLY FUNDED, LOW CAPEX OPTIONALITY., page-165
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