WSA 0.00% $3.86 western areas limited

Hi Brett and All WSA sufferersAnother reason why i think IGO...

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  1. 265 Posts.
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    Hi Brett and All WSA sufferers

    Another reason why i think IGO offer stinks and also why i think the present WSA team could not organise a pissed up in a brewery

    For years i have been watching the development of MREP. Listened to their presentations , never a question from the so called Analytical experts ( all they ever ask is about costs !!!)

    In the paydirts presentation on 6th april

    They described MREP as producing " high grade premium sulphide 45-50% ni "

    WSA has a patent on this technology!!


    They have stated it will produce 1,000 tonnes of this product each year out of every 20,000 tonnes of tailings

    WSA has 280,000 tonnes of tailings which will give us 14,000 toones of high grade nickel

    They are selling this product now!!!

    They have said it attracts a large premium compared to existing product from Forrestina .

    How much who knows but at present prices must be north of $50,000AUD


    SO

    WHY ARE THEY NOT BANGING ON ABOUT THIS

    It appears our management are happy to give IGO a cool 700M and the technolgy for their COSMOS talings

    ALSO even IGO in their presentation to paydirts they said there will be a massive shortage of nickel from 2025 onwards

    So how can they say in long term they expect nickel prices to come back to 16,000-19000 range

    IT IS A JOKE


 
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