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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