WMC 0.00% 20.5¢ wiluna mining corporation limited.

Good Post. Need to focus on what is actually proven and not...

  1. 327 Posts.
    lightbulb Created with Sketch. 12
    Good Post.

    Need to focus on what is actually proven and not hearsay.

    On the numbers from the presentation, they have achieved a grade of 1.5 - 1.6 g/t.

    On those numbers then $1300 - $1350/oz must be on the cards.

    When cashflows come out on 31/07/2017, we will know what the exact costs are and the grade.

    I still believe that the cash will be downgraded to $25M with $39M in debt.

    I would not be surprised to see a $10M capital raise over the next 2 months, so that Going Concern issues are not an issue.

    Hopefully grade will be 2 g/T and costs are under $1250/oz.

    Time will tell.

    DYOR
 
watchlist Created with Sketch. Add WMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.