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2.4¢ winmar resources limited

Ann: Battery Conference Presentation - March 2019, page-150

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10,513 Posts.

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19/03/19

16:50

Post #: 37813292
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Originally posted by HAC30: ↑

It doesnt matter what the $10m is on. It doesnt even matter that much about the $10m in general. Notable part is that the NPV came to $108m based on company provided figures including the likes of assumed opex etc.

It just completely puts to bed the ridiculous figures that have been floating around here on profits etc. It also vindicates the view that the value is in the resource itself and why the company plans to spend any profits on exploration to prove one up to mine in future.

Still quite like the strategy but the calls of a billion $ company have been debunked by the company itself here. Again, if it was that easy, everyone would be doing it.

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The question is the sensitivity to any move in the cobalt/copper prices and obviously the exploration success to the tenements. So the key is in the off takes negotiated by the company and any resources it can define.

WFE Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
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