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Ann: Request for Trading Halt, page-17

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Furpo2

9,800 Posts.

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28/06/18

10:57

Post #: 34003599
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Originally posted by Gekkko ↑

WPG has a highly-valuable processing plant which they acquired for peanuts. The solution would be to process ore from neighbouring mines and use the income/revenue to develop the exceptionally high-grade reserves at Tarcoola. The announcement of "spectacular high grades" at Tarcoola in February should motivate lenders to finance expansion plans

https://www.juniorminingnetwork.com...lar-tarcoola-grade-control-intersections.html

Challenger Mine should be moth-balled until the gold-price is inevitably north of $2,000 ounce..There will come a time when Challenger is viable again, but the value right now is in the plant/equipment and WPG's most profitable gold reserves are at Tarcoola. Let's see how nimble & skillful Bob Duffin is over the next week or so..Negotiations are required with neighbouring mine owners, financiers & contractor Byrnecut. Enough time & resources have been spent on Challenger Mine..time to wake up to reality & move on to greener pastures

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Sorry Gekko, the "highly valuable" plant is stuffed.
It won't handle the Tarcoola oxidised ore (clay).

How come the 70 and 50 g/t ore announced at Tarcoola goes through the plant at about 1g/t.
Gold must evaporate

WPG Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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