Ok you have done the worst on this.Anyone can do a spreadsheet...

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Drugo

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06/05/22

19:10

Post #: 61258546
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Originally posted by GravityWaves: ↑

@Drugo, if WMC was a 60koz producer right now, my guess is they'd need $35m with the next CR. However, WMC aren't anything close to being a 60koz producer right now as they're on target to be a 40koz - 45koz producer by the end of FY22.

IMO they need something in the range of $45m - $50m for the following reasons...

Commercial production (i.e 8koz / month) has been delayed by (6) months from end of Jun'22 to end of Dec'22.
Wiltails plant installation is still work-in-progress. Might be completed in Jul'22 if everything goes according to plan.
Low ore grade being delivered to the mill (i.e. 2.7 g/t). Grade improvement (i.e. 3.5 g/t) might happen sometime during the second half of CY2022.
Stage (1) has fallen well short of being fully funded with the proceeds of the US$42m Mercuria Loan.
Unexpected (additional) costs associated with mine development & rehabilitation....or in the words of the Mar'22 quarterly (pg.7)....

Production of 100koz - 120koz might be achieved in FY2024, but unlikely to happen in FY2023 due to delayed production ramp-up in FY2022.

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Ok you have done the worst on this.
Anyone can do a spreadsheet as you have.
Do you think Franklin Templeton agree with you.
You mess around with your figures as much as you want.
What is this asset worth?
A lot more shareholders think otherwise.
WMC Price at posting: 56.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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