WMT western metals limited

anglesey mining still in talks , page-19

  1. 32 Posts.
    If they do Parys they will need to come out with a real good statement of why it was worth doing and its not good enough to simply expect to be valued on the resources. It's an unknown orebody because they all are until somebody starts milling them and finds out whether they might cost twice as much to recover the metal as they thought.

    On the other hand they could sit on their cash, reduce their cash burn and wait until someone else who is already producing from a good asset falls over because they leveraged themselves too highly at the wrong time. From what I hear it is going to be happening. Oil prices going down, gold prices going up, gold companies not going up with it, there will be opportunities.
 
watchlist Created with Sketch. Add WMT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.