Hi Blitz,
I would have thought you would have known WKT's strip ratio.
For Lindi it's 4.4 tonnes of waste for 1 tonne of graphite ore. Other companies you like to discuss have strip ratios of 0.4 waste for each tonne of graphite ore.
This is why I am surprised WKT's mining costs are forecast to be 50% cheaper than the other company when it needs to move 50% less material to produce 1 tonne of graphite ore.
Anyway, I am surprised you haven't used WKT's suspension to review your investment, If WKT cannot even get its SBLC correct when the rampers around here claim to have a finance expert on the board or build the mine within the 7-9 months forecast, I have little hope it will be able to achieve its innovative mining methods - selective mining of the same host mineralisation. As you would be aware, if this is unsuccessful, the average TGC grade is more likely to be 10-12% rather than the forecast 17.9%.
I can see this ending in tears for many LTH,
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10.5¢ |
Change
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Mkt cap ! $70.48M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.5¢ | $20 | 187 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 312144 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 250113 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 312144 | 0.100 |
4 | 92146 | 0.098 |
1 | 360000 | 0.096 |
2 | 13028 | 0.095 |
1 | 5000 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 250113 | 4 |
0.110 | 183620 | 3 |
0.115 | 200000 | 4 |
0.120 | 280360 | 7 |
0.125 | 495166 | 7 |
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