Ann: Development Progress - Lindi Jumbo Mine, page-2250

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Onlyfar

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17/01/24

11:34

Post #: 71919820
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Originally posted by spid81 ↑

i can see why you didn't post Mikes Tweet,

No where does he claim anything about Fresh Minerialisation. Why do you continue to misrepresent WKT's Chariman

Mike confirms "sufficient for the first few months of commissioning & ramp-up"

This confirms the claims we have made about the project being behind schedule and that wet commissioning isn't advancing as you guys claim.

You only need to look at the mining plan from the IIR report. WKT was expecting to have 20kt of graphite ore every month ready at the processing facility, now this isn't required for a few months. a few months is 3 months. I can see why the charts shows a death cross is coming, Mike appears to have confirmed mining isn't going to start until March/April, which means there isn't going to be any revenue anytime soon and the mine is a long way away from being completed.
Mike does have valid point, if there is a major failure at the processing plant, there is no point having a stockpile of graphite ore waiting at the ROM for future processing, they will need to pay credit card rates on the stockpile.

Anyway, It appears the 19kt stockpile is also sitting at the starter pit, and the area looks waterlogged, it might also explain why we haven't seen the top soil removed from the rest of the start pit and the all-important grade control drilling comments.

WKT - Not there Yet and doesn't seem to be flushed with Cash as others try to claim. It sounds more like WKT has very little funds to speed up progress

Saving a few dollars on interest, where have we heard that one before? wasn't from the WKT pump crew who claimed the directors advised this was the reason why WKT hasn't drawn down on CRBD funding.

@Farmdownsouth and my forecast for the first export of concentrate is looking good for August.

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It also confirms were very close to full commissioning and first product….

Depends how you wish to interpret the post….also depends if you’re looking back at the missed timelines of forward to the finish line…..

The finish line is a very very short distance in comparison to your narrative of looking at missed time lines…..

good things come to those who wait, the way you go on it’s like they’re never gonna run a yard through the plant….that’s your wishful thinking, a long way from reality……we’ll leave that one there spud

WKT Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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