Equity "Goldies" are so much Zombies but someone who has taken a...

First 9 Last

Share
Profile

Follow
redbackrules

3,344 Posts.

483

31/07/19

11:13

Post #: 39780325
Share

Originally posted by equityma ↑

MREP back end plant capacity is only 4,000 tpa compared to BHP's Nickel West 36,000 tpa or 100kg/ day.

Nickel West is a white elephant that should come with a high cost operation where no one could afford to do that in light of low demand from EV producers.

WSA's Bioheap has many feed options to provide low input costs
1. Leaching from waste tailing from Cosmic Boy Concentrator
2. Heap leaching from Mill Scats ore
3. Whole ore leaching from New Morning ore

20,000t of heap leaching samples from Mill Scats will be applied direct to MREP to produce roughly 686t

This small amount could add up with a quaterly production to beat the nameplate capacity 5890t of ni concentrate with a grade of 98.4%

This LME grade in which Wsa's customer has been stockpiling.
https://steelguru.com/metal/tsingshan-roils-nickel-market-with-buying-spree/544934#tag

That is not to mention the Odysseus growth project capable to deliver more ni suitable for EV revolution.

It's up to you to say this stock is a zombie or a slow achiever.

Expand

Equity

"Goldies" are so much Zombies but someone who has taken a view that the Nickel price will fall and the risk associated to all of above will be exposed. Nickel @ >$AU20,000/t means absolutely no risk.
RED

WSA Price at posting: $2.26 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASE

Astute delivers high-grade lithium hits at Red Mountain

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

First 9 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Equity "Goldies" are so much Zombies but someone who has taken a...

Top Stories

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Astute delivers high-grade lithium hits at Red Mountain

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Featured News