WFE 0.00% 2.4¢ winmar resources limited

independent valuation of luapula plant, page-316

  1. 838 Posts.
    lightbulb Created with Sketch. 162


    @ozblue One thing I will apologise for is I got the page number wrong - it's page 93 not 73 .

    Section 11.4 Project Budget:


    US$2.3M has been allowed for plant refurbishment AND an all up cost of US$10M which would include first fill, critical spares, OWNERS COST, permitting and commissioning.


    So 2 questions for you which I know you will probably avoid - firstly what do you think OWNERS COST is ??

    Now if you don't think its the cost of becoming an owner in this plant, then if US$2.3M is what is needed for the plant refurb, do you honestly think it will cost US$7.7M for critical spares, permits, commissioning and first fill???


    So are you going to "stick with what the company has itself stated in the report" as you have stated or just the ozblue report numbers???


    Its as clear as it can be from the company itself here in section 11.4 page 93.

    Disco.


 
watchlist Created with Sketch. Add WFE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.