WEZ did their BFS a long time ago and recently deiscovered costs to build and run the mine had risen substantially from the BFS estimates. In a related way VRE similarly found a rise in costs (30% I think) affected viability of proceeding with re-opening Bronzewing. Leads to the conclusion that the grade, tonnage and strip ratio at Westonia is not all that robust. If the economics of re-opening Westonia (I suspect it has been inactive a long time) are below water then what of the WEZ share price?
WEZ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
