Plus we have a big area which we will not have to pay for, (hence no expenses), for 49% of the whole area. Sandfire is not stupid.
A new high-grade zinc area with 3 to 10 different JORC projects. Very Very valuable.
Mt Carrington is Booooorrrrrrinng. But could and should be sold.
To have 49% of something worth let's say in 6 years worth $200, $400 or over a billion. That is what excites me. That is what Sandfire must be expected to want to invest $20 million over six years.
WRM Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held