WMG 3.70% 39.0¢ western mines group ltd

Let's look at the pros and cons of WMG:pros- potential large...

  1. 1,841 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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Last
39.0¢
Change
-0.015(3.70%)
Mkt cap ! $29.28M
Open High Low Value Volume
40.5¢ 42.0¢ 39.0¢ $116.6K 293.0K

Buyers (Bids)

No. Vol. Price($)
1 1157 39.0¢
 

Sellers (Offers)

Price($) Vol. No.
39.5¢ 45520 1
View Market Depth
Last trade - 15.49pm 03/05/2024 (20 minute delay) ?
Last
39.0¢
  Change
-0.015 ( 4.88 %)
Open High Low Volume
42.0¢ 42.5¢ 38.5¢ 61193
Last updated 15.56pm 03/05/2024 ?
WMG (ASX) Chart
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