Ann: WMG Secures $6m At-Call Funding Facility, page-32

The boys discussing CTM PFS here https://youtu.be/DhD0P1_fQ_s?t=1951

Wonder why they think there are hardly any other sulphide deposits around that could turn into mines - Crawford Canada Nickel? Early days but, Mulga Tank?

They picked sulphide water discharge as a technical risk for CTM - is that why CTM SP dropped from mid-40's to mid-30's even after what seems like a positive PFS? Rick don't like technical risk?? But do have low hydro power costs on their side.

No idea about Fe/MgO ratio from Mulga but good to know that concentrate is shipped around the world. Wyloo amongst others on their speculative radar regarding who could fund CTM.

MRE, deeps and recovery rates from Mulga Tank is what matters. May support Crusty's view that Wyloo could be more interested in WMG (than CTM). Dundee seen enough evidence in past 3 months to provide $ to WMG.

Chinese steel demand is the unknown https://www.abc.net.au/news/2024-07-23/china-approaching-economic-oblivion-property-market-trade-trap/104128504 as is impact of US elections come November. Trump could adversely impact some of the green initiatives including nickel demand from EV sector.

All things considering, should WMG double down and drill more quickly towards definitive MRE or slow down and preserve funds to ride through this uncertainty in the nickel market as the money of mine boys put it? Interested in how all this unfolds over next 6 months.