WMG 8.06% 28.5¢ western mines group ltd

Ann: June 2023 Quarterly Activities Report & Cash Flow Report, page-30

  1. 139 Posts.
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    that is incorrect. many companies will disclose bad news in quarterlies as a way of stealth dropping bad news. You don’t have to go far to find examples of this…

    Is anyone willing or ready to discuss (without being blinded by emotion) the two main points I made re WMG in the early days: the lack of instant gratification re long drill holes and inability to extract potential disseminated mineralisation to a in-situ value will drag the SP down. And the nature of nickel and downstream processing that unless you have a high-grade massive component you’ll be uneconomic at these grades.

    Before you debate the latter explore BHP smelter capabilities, FEMGO ratios and blending of concentrates.
 
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