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

WMC wiluna mining corporation limited.

0.00%

20.5¢

Ann: First Shipment of Concentrates and Logistics Confirmed, page-6

First 6 Last

Share
Profile

Follow
Undaunted

4,727 Posts.

931

15/02/22

13:14

Post #: 59581504
Share

Originally posted by GravityWaves: ↑

14 bags @ approx (2) wet tonnes each = 28t per container
Assume moisture content is 10% of weight
28t - (0.1 x 28t) = 25.2 t dry concentrates per container
Grade of concentrate is 69 g/t (as per details in Dec'21 quarterly)

Gold ounces per container : (25.2t x 69 g/t) / 31.1 = 56 oz
Gold ounces in 20 containers : 56 oz x 20 containers = 1120 oz in first shipment to RussiaIf Stage (1) successfully ramps-up to 100koz p.a @ 69 g/t, export rate could be around 105 containers of gold concentrates being shipped to Russia each month (assuming that in the event of war with Ukraine, geopolitical trade sanctions won't affect Polymetal's contract for 70% of WMC concentrates).

Expand

The presentation certainly lacks detail behind the production target.

How much will WMC net in bullion (and therefore dollars) from the dore and concentrate after transport, payabilty and refining.

A nervous wait until 30 April.

WMC Price at posting: $1.07 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Trigg; Droneshield; Lumos & more

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

DRO

History repeats for DroneShield investors but carnage so far subdued

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

AII

A new NASDAQ listing for a key player in the global critical minerals space

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

First 6 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.

Ann: First Shipment of Concentrates and Logistics Confirmed, page-6

Top Stories

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

History repeats for DroneShield investors but carnage so far subdued

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

A new NASDAQ listing for a key player in the global critical minerals space

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Featured News