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31.0¢ western mines group ltd

Bang on mate - I got the same numbers and if you take the 100m...

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Lombard1

764 Posts.

163

28/09/23

17:18

Post #: 70080882
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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,

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Bang on mate - I got the same numbers and if you take the 100m out to 150m thick then we are looking at 1.5m tonnes.
You can see why I think the drill out they stated of 500,000 tonnes Nickel in recent presentations looks conservative.

WMG Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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2 Great analysis

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(20min delay)
Last 31.0¢		Change -0.035(10.1%)		Mkt cap ! $26.25M

Open	High	Low	Value	Volume
31.0¢	31.0¢	31.0¢	$1.666K	5.374K

Buyers (Bids)

No.	Vol.	Price($)
1	2250	30.5¢

Sellers (Offers)

Price($)	Vol.	No.
33.0¢	35780	2

View Market Depth

No.	Vol.	Price($)
1	2250	0.305
3	9288	0.300
1	11066	0.295
1	5000	0.290
2	27142	0.280

Price($)	Vol.	No.
0.330	35780	2
0.335	6400	1
0.345	8249	1
0.350	42857	2
0.390	6000	1

Last trade - 10.31am 02/07/2024 (20 minute delay)

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