WKT 5.71% 9.9¢ walkabout resources ltd

Hi Stirer.You asked for my opinion, Here it is.1 - Waste of...

  1. 16,276 Posts.
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    Hi Stirer.

    You asked for my opinion, Here it is.

    1 - Waste of money, I cannot see WKT spending the money increasing the drilling of the resource. there is no benefits.
    2. Nice idea, but WKT has stated they will grow with market demand, the only reason to expand capacity earlier would be if the plant fails to live up to the DFS forecast of producing jumbos, this is why they will need an increased throughput to lower the OPEX to be competitive against SYR.
    3. Again no point in processing lower grade as the plant isn't large enough to be profitable using 6% TGC, Unless WKT intends to increase the plant capacity to process this lower grade, which will still allow for around 30-40ktpa output where part of the lower grade can be processed.
    4. This will be confirmation the plant has failed and they need to move to downstream processing.

 
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