Hi Stirer,It's pretty depressing isn't?. the base valuation for...

Hi Stirer,

It's pretty depressing isn't?. the base valuation for the Lindi Jumbo mine with no discount is only 21 cents based on the likely US$1100 per tonne basket price.

to get the 48 cent valuation

• the graphite price needs to be significantly higher than the current price
• You need to add a 50% expansion of capacity
• add in the 2 lemon projects, that have low-grade surface gold or a zinc/lead project that only turned up 2-4 m of mineralisaiton above 4% out of a 1600m drill campaign. if WKT could achieve $20mil for these projects why didn't they sell them rather than diluting shareholders to the max with the life-saving CR last year?

It's embarrassing that this is the best valuation WKT can achieve,

No one has answered my question as to why WKT would complete the research report now,

1. For BMCG to sell
2. For T40 shareholders to exit
3. CR for back-up funding?
4. other.