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$3.86 western areas limited

Ann: IGO: to acquire Western Areas via board recommended scheme, page-82

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SnowballKelvin

276 Posts.

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18/12/21

16:08

Post #: 58387059
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Originally posted by tomboy: ↑

absolutely right doch
WSA average grade 1.0% with FF SQ only producing at 2.9% now
PAN 1.23%
MCR 2.8% with cassini at 3.2% grade
POS aversge grade 0.8% with SS the highest grade mine globally at 9.5% JORC resources

WSA has only 100kt jorc resources left at Forrestania producing at 2.9% way down from prior 4.0% grades

WSA says it has the highest grade Ni mine in the world at a 2.9% grade production, this is incorrect,
Silver Swan since 1999 is THE highest grade Ni mine in the world at a 9.5% JORC produced over 150kt at 5.5% average grade & now being restarted with a 2.2MTpa mill on top of it unlike the WSA mill of a pathetic 0.6MTpa

yes comparing the grades & mill capacity is very revealing
$1100M v $278M NCaps, a big difference

yes you shouldnt throw stones in glass houses.

Expand

Cosmos grade is 2.3% if we exclude Mt Goode (which is going to open pit mining).

WSA Price at posting: $3.44 Sentiment: Hold Disclosure: Held
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