WKT 0.00% 11.0¢ walkabout resources ltd

Ann: Development Progress - Lindi Jumbo Mine, page-37

  1. 15,203 Posts.
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    Stirer,

    You seem to get caught out every time with the marketing spin rather than reading and understanding the information that is available.

    the DFS was based on a much larger production facility 1,000 tonnes per day, Its CAPEX was US$27.8mil,

    As you would know from Mike's tweets where he corrected you and your friends, WKT purchased a much smaller facility that only has a capacity of 840 tonne per day.

    The backup generator was always needed, along with the tailings dam, yet you seem to have fallen for the marketing excuse = Starter pit, back up power..

    Stirer, Go back and read all of WKT's capital-raising announcements, I believe WKT has always claimed the project was in line with its original CAPEX. yet in yesterday's announcement, they confirmed there was a US$3-4mil blowout of the original CAPEX from 2021.

 
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