WIN (ASX) Ann: Assays Confirm High Grade Lithium Discovery at Faraday

Originally posted by Kerbifer ↑

Agree. We have some amazing results. Just a bit of tweaking of the wording for the market. The Lithium results were actually really good, and we're probably sitting on exciting stuff down at a depth - but the release read as though 'this is all we have', even though we just looked ~50m down.

The wording is everything. Don't need to be dishonest, but we could probably tweak it a bit so you don't have to be a metallurgist to interpret if it's good or bad. Realistically this company has released nothing but good news. Tweaking the wording for the layman market would be a huge step in the right direction.

These Nickel assay results are great news, and I think the market will respond very, very positively. Solid amounts of high grade Nickel we're sitting on. Regarding trade today - we're lucky enough to finish flat, with reasonable volumes - whilst the rest of the sector bleeds out bad. That's a win.

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Yeah, your right. The rest of the market is getting smashed, I'm surprised at how well this is holding up.

Hopefully, this time next year WIN should be production ready. So 2023 should be a better year for us.

Considering WIN could make anywhere from $20 million to $68 million+ profits from Armstrong alone, an 11,500t Ni deposit. What kind of profits could WIN make from Widgie 3, Widgie Townsite & Gillet? A combined potential resource size of 70,800t Ni.

The scoping study used a spot price between $18.5K/t to $22K/t, but the current nickel price is $28K/t. The current exchange rate is now at 68 cents, the upper range of their assumption below.

Add to that another 8 deposits still to investigate further. This point can't be stressed enough, IMO. There's still so much more to explore!

Plus, there are multiple prospects for more nickel & the possibility of other byproduct metals, given the assays that have already been released to the market.

Then add lithium.

WIDGIE NICKEL LIMITED (ASX:WIN) - Ann: Assays Confirm High Grade Lithium Discovery at Faraday, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

WIDGIE NICKEL LIMITED (ASX:WIN) - Ann: Euroz Hartleys Lithium Day Presentation, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Below is the current nickel price.

Below is the current spod price. Mind you, this is spod at 6%. If WIN is just going to pull it out of the ground & throw it straight onto a bulk carrier, then the price would be considerably less. But the lithium deposit would be less expensive to develop, so it's a tradeoff. It's still money in the back pocket for shareholders.

Spodumene Concentrate(6%,CIF China) today | New Energy | SMM - China Metal Market

The below quote from Steve says it all.

If Steve thinks there's blue sky potential just for Gillett. What about the rest of the tenement?

WIDGIE NICKEL LIMITED (ASX:WIN) - Ann: High Grade Results Provide Confidence of Growth at Gillett, 65320753, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

WIDGIE NICKEL LIMITED (ASX:WIN) - Ann: Widgie Nickel Annual Report 2022, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

WIDGIE NICKEL LIMITED (ASX:WIN) - Ann: Scoping Study Highlights Potential of Armstrong Mine, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

WIDGIE NICKEL LIMITED (ASX:WIN) - Ann: Euroz Conference Presentation, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Personally, I see nothing but good news ahead for WIN, with many assays still due. It would be nice to hear some news on the off-take front. Perhaps that would wake the market up more? Yes, we have nickel, gold, lithium & more. But we don't have any customers to sell to yet.

I know I probably sound like a broken record on here with all my posts, but I think it's important to remember the big picture.

Merry Xmas everyone & good luck to all holders!