WMG 14.9% 38.5¢ western mines group ltd

HelloSo I spoke with my metallurgist connection on Friday after...

  1. 3,109 Posts.
    lightbulb Created with Sketch. 665
    Hello
    So I spoke with my metallurgist connection on Friday after we launched a $8m capital raising for his ASX-listed coy during the week.
    He said he is watching the WMG story closely and in essence said they are still on track to drill out a multi-hundreds million tonne monster.
    He said for him the strip ratio will be critical and if they do find a high grade Perseverance-style core that will probably be were the mining will start.
    Mt Keith is the analogue (obviously) and this is starting to look a little like Mt Keith (albeit, we need to get the grades up a little).
    If we do have a Mt Keith on our hands WMG has 100X upside potential.
    Earlier in the year he said Mulga Tank is far more likely to get into production than Gonneville and he still holds this view.
    Cheers
    The Wolf.

 
watchlist Created with Sketch. Add WMG (ASX) to my watchlist
(20min delay)
Last
38.5¢
Change
0.050(14.9%)
Mkt cap ! $29.15M
Open High Low Value Volume
35.0¢ 40.0¢ 34.0¢ $111.2K 299.9K

Buyers (Bids)

No. Vol. Price($)
1 15571 38.5¢
 

Sellers (Offers)

Price($) Vol. No.
39.5¢ 17800 2
View Market Depth
Last trade - 15.12pm 20/05/2024 (20 minute delay) ?
Last
38.5¢
  Change
0.050 ( 14.9 %)
Open High Low Volume
34.5¢ 40.0¢ 34.5¢ 65799
Last updated 15.05pm 20/05/2024 ?
WMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.