WC1 0.00% 3.3¢ west cobar metals limited

Ann: Salazar Clay-REE Resource Quadruples, page-15

  1. 1,238 Posts.
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    yes, all good news.

    not as big as od6, but superior in so many ways, better grade, more data, conservative assumptions. at this stage imho this is THE project to watch in this space as it looks like is has what is necessary to actually come into production.

    as i have commented elsewhere i am concerned about the land ownership of some of the ree prospects in the region, but not wc1, their deposits are all on bushland. surface mining clay will be problematic, but there are some creative options there, so maybe wc1 will look at some of these and find a workable solution.

    overall this is a buy for me on the strength of the res upgrade, history of test work, and favourable land position = not advice.
 
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