Ann: Walkabout Welcomes Cornerstone Investor, page-70

First 70 Last

Share
Profile

Follow
oxxa23

6,025 Posts.

1160

27/09/17

06:11

Post #: 27477762
Share

Originally posted by semi retired ↑

Hi Naveen ,
WKT is worth multiples more than VRC's market cap of $20 million , WKT's DFS shows a highly profitable ongoing business almost 80% funded and now a cornerstone partner that actually engineers , manufactures , installs the plant and equipment , they are commissioning vital long lead time equipment now to the value of up to $8 million ready to bolt together on site , WKT is light years ahead of the pack to be the first Jumbo flake graphite producer in Tanzania , when the market catches on? can't be far away? or when the containers arrive at the site ?

VRC's miraculous recovery is founded on fluff , for a start VRC will need plant and equipment at least 4 x the size and cost of WKT's $30 million to produce 20,000 tons , @ 4.9 % TGC v 16 -23% for WKT good luck making a profit on that low grade. , VRC have done a PFS on 178,000 tones now in revision to 15-20,000 tons , a major back flip .
VRC also sits at the second lowest flake size among its piers in the basket price stakes , that means they need a mine size capacity of 180,000 tons plus of graphite to make a profit not up to 20,000 tons , why all the promoting who ha and still no PFS ? I suspect the PFS is delayed while miraculously the share price rises and trigger the options ,,,, then the PFS bomb will hit.., just my humble opinion .

Expand

i would argue the "light years ahead of the pack" statement.... as i think you will find GPX will be very similar timing... but, either way, WKT's resource, approach and market targets are far superior to VRC in my opinion.

more details to come to light no doubt, but, was impressed by jinpeng coming onboard last week... it was a cheap price to give up 10%, but, as i have defended GPX for doing the same (in fact 42%) i can't argue it in the slightest.... with the right people onboard there is certainly nothing wrong with a smaller piece of a much bigger pie in the long run. i grabbed a small parcel to come back onboard.... will take up more over the coming month or three.

WKT Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

What's causing the cost-of-living crisis, and how to navigate it

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war