Australia's largest stock trading and investment forum Australia's #1 stock forum

WMC wiluna mining corporation limited.

0.00%

20.5¢

Hi @vcr999, looking at the commentary in the JV announcement it...

First 10 Last

Share
Profile

Follow
GravityWaves

1,938 Posts.

919

05/09/20

13:43

Post #: 47111793
Share

Originally posted by vcr999: ↑

Management here are very slow with this JV with GWR 35% WMX 65% going ahead. This project is ready to go with very high Gold grades an is right next door for easy transport.While the Gold price is high this project will get the current high Gold price.Management here would increase cash flow more by running the highest grade Gold available through their mill. This project delay is only through slow progress on WMX's side as GWR has done all the work required on there side.Hopefully WMX give us an update on what is going on so both Company's can benefit. CHEERS

Expand

Hi @vcr999, looking at the commentary in the JV announcement it seems unlikely that any WMX managed pre-development / mine setup / mining operations etc. on GWR tenements will be happening anytime soon. Gold sales revenue (generated through the JV) is probably more than a few years away IMO....

WMX Price at posting: $1.36 Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

'Not possible' to port renewable gas: ACCC takes AGN to court

BOE

Boss extends June win streak with boosted Alta Mesa extraction rates

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

First 10 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Hi @vcr999, looking at the commentary in the JV announcement it...

Top Stories

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

'Not possible' to port renewable gas: ACCC takes AGN to court

Boss extends June win streak with boosted Alta Mesa extraction rates

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Featured News