Australia's largest stock trading and investment forum Australia's #1 stock forum

WMG

Click for more information

0.00%

36.0¢ western mines group ltd

I know, can't believe we are still at .30c , whats it going to...

First 29 Last

Share
Profile

Follow
Tah Man

1,104 Posts.

48

28/09/23

14:32

Post #: 70076566
Share

Originally posted by crustbuster: ↑

"If we can demonstrate that it’s laterally continuous over something like 2 kilometres by a kilometre by 100 metres thick, that’s still millions and millions of tonnes of contained nickel."

So if 200 Million cubic meters of dunite = 500 Million tonnes conservatively.
Divide by 0.2% = 1 Million tonnes of Nickel contained .

Using $20k AUD/Ton conservatively = $20 Billion AUD
TIERS
These measure the “quality” of the project.
Tier 1 depositsare “Company making” mines. They are large, long life and low cost.
Using long run commodity prices it generates >$300-600m pa of revenue (i.e. >200 kt pa Cu or >800 kt pa Zn+Pb or >5kt pa of U3O8 or >250 koz pa Au) for >20 years and is in the bottom quartile of the cost curve. It has very robust economics and will be developed irrespective of where we currently are in the business cycle and whether the deposit has been fully drilled out. The resource is of a size/quality that it creates multiple opportunities for expansion.

I Don't know anything,

Expand

I know, can't believe we are still at .30c , whats it going to take to get this going again ...

WMG Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 35 more messages in this thread...

First 29 Last

Add WMG (ASX) to my watchlist

(20min delay)
Last 36.0¢		Change 0.000(0.00%)		Mkt cap ! $27.25M

Open	High	Low	Value	Volume
36.0¢	37.0¢	34.5¢	$115.4K	323.9K

Buyers (Bids)

No.	Vol.	Price($)
1	68674	35.0¢

Sellers (Offers)

Price($)	Vol.	No.
36.0¢	21068	1

View Market Depth

No.	Vol.	Price($)
1	68674	0.350
2	31000	0.340
1	8606	0.335
2	15249	0.330
1	3000	0.325

Price($)	Vol.	No.
0.360	21068	1
0.370	23284	1
0.375	22250	2
0.380	8600	1
0.390	57978	2

Last trade - 15.30pm 07/05/2024 (20 minute delay)


Last 35.5¢			Change 0.000 ( 1.39 %)
Open	High		Low	Volume
35.0¢	37.0¢		34.5¢	91803
Last updated 15.59pm 07/05/2024 ?

WMG (ASX) Chart

SPONSORED BY