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WMC wiluna mining corporation limited.

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Punters might not see yet the benefits of the team effort...

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hightrax

4,095 Posts.

370

24/01/20

21:06

Post #: 42565902
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Originally posted by hightrax: ↑

GWR resource needs a bit more done yet, drilling and some permitting. Lots and lots of red tape in mining. Silly really, when you think about 'restoration" costs as if its in the middle of a settled area when it is really a sparsely populated and huge desert there. When it starts up it will allow the BLK plant to be run at its 2.1 m.t. p.a. capacity, producing savings in cost on a $ per oz produced basis.

BLK has had such a bad track record over past years with investors that it will really have to prove it can produce the goods in the form of sustained profits of a very substantial nature before it will be re-rated.

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Punters might not see yet the benefits of the team effort between MLK and SO4, each co-operating thogh mining different things nearby. BLKs saly problem is SO4's fodder. BLK is currenrtly capitalised in the market around the $50-60 m mark, but SO4 is capitalised at about $150 million. There is more money in salt than gold.

BLK Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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Punters might not see yet the benefits of the team effort...

Top Stories

A new NASDAQ listing for a key player in the global critical minerals space

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

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Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

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Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

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