VWM 0.00% 3.0¢ victory west metals limited

Ann: USSU Nickel Project - Drilling Update , page-9

  1. 571 Posts.
    lightbulb Created with Sketch. 12
    good summary there Velzy, you mention the quality grade of the moly and that seems exciting enough, I read an article recently from Mining Stocks from the CEO of MLX commenting on their massive nickel project in the central musgrave(wingellina) his comments in there were

    "nickel demand is roughly 1.45 million tonnes a year and if you look back over the past half a century the average combined growth rate in demand has been around 4% so every year more than 50,000 tonnes of nickel has to come online just to fill gap in demand that is one wingellina a year "

    whats worth noting about those comments is their wingellina project is reported to be about 167mt massive to say the least and the likelihood of a wingellina found once a year is remote therefore making VWM as a nickel producer in a relatively short time very exciting indeed of course more ways to go but yesterdays announcement shoring up more confidence for holders

    10c -12 levels seems like a no braniner with all things being equal

    IMO DYOR
 
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