WA8 warriedar resources limited

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  1. 172 Posts.
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    Hi @Joelstar
    Interesting comments on Simon Lawson and new IPO - I'm sure those comments must have been made with some evident smoke!
    Hi @NolmSpartacus
    I think the Deflector Mill is too small for what Warriedar has in mind for the future. They will try to get out a huge resource at Ricciardo and then try to get a Process Plant capable of doing 1.5-2Mtpa, maybe even bigger in my honest opinion.
    The Deflector Mill will be something of a consolidation of the area - maybe Warriedar bids outright or does some deal eventually when that LOM is about to expire (which is not too far!)
    There is no use having a small plant for a lot of tonnages.
    AB from all her recent communications wants to get something big going (e.g. >3Moz Au) from Ricciardo and surrounds. My understanding is that the orebody here and surrounds can go straight into the Mill nearby that we own. Of course we will need to upgrade and add Flotation Circuit accordingly and to cater for Sb assuming they find heaps of it!

    All in all I think it may end up costing $100m to fully upgrade our existing mill with the size AB is thinking - just my thoughts
    Hi @line of cobar
    I agree with your sentiment and we are getting ahead of ourselves, but we are all thinking long term as some (including myself) are looking to hold long term north of $500m market cap at least.
    But the gist of your post I understand - let's drill drill drill first before hatching our eggs.

    No doubt there will be some dusters on our journey but hopefully some excellent juicy hits also to reward us all and management.

    Regards,
    HM
 
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