Long time reader first time poster. Few things to note that may have been overlooked:
1. Cut off grade, WC8 appears to have adopted a higher cut off grade than operating open pit spod mines I am aware of. 2. This is a MAIDEN resource, larger than other MAIDEN resources of profitable operating mines in Australia. 3. Based on a conceptual production of 2mtpa for a few years then expand to 4mtpa - this resource provides a 20 year mine life. Note the limited value Yr21 onwards provides to implied present value, so a waste of money to drill a larger MRE at this point. 4. Orebody width and resultant MINED GRADE, the bulky orebody geometry and limited dilution compared to the other mines in the Pilbara, I would be surprised if TT mined grade wasn't behind only GB in WA, also surprised if it needs an ore sorter. 5. Strip ratio guesstimates - suspect strip ratio may also be attractive compared to all operating spod mines in Aust except maybe GB based on that Tonnes Per VM chart..
Look forward to a PFS..
WC8 Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
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