Read the latest interview with Ed - its a sit and wait till at least end June.We will get the odd drill result to keep the price above 10 but thats all I reckon.
AEX are very active on all fronts and the shareprice wont reflect this till they are ready.
I am more confident than ever on Wingellina.Do some research on GORO the supposed best new world class nickel mine and you will appreciate what Wingellina has in the oxide (without sulphides). Goros claim to fame is it uses HPAL at higher temps than the WA 3 therefore they get quicker extraction (and higher energy costs). The INCO vice Pres recently said a HPAL project had to be 1.3%+Ni to be viable - Goro is 1.6% with approx 250 mill tonnes.Wingellina is AT LEAST 1.5% Ni with 500 mill tonnes WITHOUT the HPAL requirement (therefore approx 1/3 of the capital requirement and 20% less operating costs).Wingellina will be mined I believe.
AEX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
