Still trying to get my head around the intrinsic value we have...

Still trying to get my head around the intrinsic value we have in WOWO and what others are doing to realise the economic benefits..

Metal X Ltd has a Nickel prospect in WA, Winginella. They have a Limonite resource which to my understanding is the same as our top layer, Laterite being iron rich.
167Mt @ 1.0%Ni & 0.08% Co
In the following presentation they show that this prospect, through PhI BFS, is worth an NPV(8%) of $3.5B(page 16)

http://www.metalsx.com.au/system/announcements/500/20130215_Company_Updated_Presentation.pdf

I like it that we now have more land but surely this has to come to a head or there is interest in the prospect even with Sinom taking blocking interest...

Just wish there could be some way we could orchestrate some action ourselves and force their hand here as it just seems too complacent the way they are managing this resource and our money!!

Based on their figures we would have a resource NPV of;

1.33Mt(RMI)/1.67Mt(MLX) x $3.5B

= $2.79B or 1000 bagger...LOL!

Tears running down my cheeks!! Hold right??

Jaz