WMG 8.64% 37.0¢ western mines group ltd

Ann: 2024 Exploration Programs Commence at Mulga Tank, page-24

  1. 1,897 Posts.
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    Let's look at the pros and cons of WMG:

    pros
    - potential large open pit
    - large low grade deposit
    - potential high grade at the basal layer
    - potential to have million and more nickel
    - potential for takeover
    - near BHP nickel infrastructure
    - potential carbon zero nickel
    - in Australia
    - nickel demand

    cons
    - nickel price sucks currently
    - may have to dilute due to low SP for CR
    - still need time to find massive sulphide (if any)
    - high labour cost and energy cost
    - Indonesia nickel killing Australia nickel supply
    - haven't done initial MET since the start of drilling

    lots of questions and theories to be answered this year. But all the best to us holders who's in the negative.
    https://www.cruxinvestor.com/posts/nickel-supply-cuts-and-underestimated-demand-growth-could-ignite-2024-price-surge
 
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