Great time for WKT as peers now see where the action is...Funded projects over unfunded and where market caps are heading...Very hard to get funded if at all possible...Lindi is one of only 2 peers funded while notably, Lindi is the only debt-funded project outside of China...
Lindi has an undisputed advantage over unfunded projects and will grow into known markets with certainty...US$1200 free cash margins as a drawdown on debt due almost any time from now...All that required a letter of commitment for drawdown GOT very supportive of the project...
Once in production Lindi can grow naturally into known markets...The plant design is predominant flake size retention since the upgrade to plant...Resulting in a 50% spare capacity at the back end with front end redundancy of 23%...The primary jaw crusher is able to process 400Tph...
Management has indicated weekly enquiries of new end users whilst only 40,000 Tpa available...
While at the recent AGM Andrew Cunningham quoted the fresh sulphide ore begins from the surface...The oxide/sulphide boundary is 12.7 mt on average from the surface...The retention rate of sulphide ore performs better than oxide material for retention. Even small improvements to flake size retention equate to thousands of extra revenue from within the project...
Regards Croc (Transformational year...) Just the beginning as money moves to the funded projects...
Great time for WKT as peers now see where the action is...Funded...
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $73.83M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 10.8¢ | $97.24K | 884.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 449856 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 372265 | 7 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| WKT (ASX) Chart |