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,
Hi Blitz,I would have thought you would have known WKT's strip...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $77.19M | |||
| Open | High | Low | Value | Volume |
| 11.3¢ | 11.5¢ | 11.3¢ | $955 | 8.411K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 352590 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 121466 | 4 |
View Market Depth
| Last trade - 10.11am 18/06/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 11.3¢ | 11.5¢ | 11.3¢ | 61671 | ||
| Last updated 11.05am 18/06/2024 ? | |||||
| WKT (ASX) Chart |
