WKT

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9.2¢ walkabout resources ltd

Patersons Research Update, page-39

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10/06/18

19:15

Post #: 33625792
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Originally posted by Irukanji ↑

50% = maybe ML, maybe not. Double SP if yes, halve if no(aka reapply for ML, wait, hopefully get)

You don't necessarily want to run 100% of the mills output right away, you want to be running 50-70% tops until you can sort out transport and BS on the in and out feeds(and who knows, maybe you can improve it's sep efficiency at the expense of outright volume).

Water may be an issue? You'll have to filter it before you discharge, no? You have a fine, carbon-rich waste water which the EPA guidelines for Tanzania will probably be stupid for. I wish it was as simple as start digging and start producing.

There is a shortage of bulk cargo ships, you'll be competing with grain, iron ore, woodchips etc shipments. Unless you pay a premium you could be stockpiling it for months losing money before it moves, and you never know what the market will do. Maybe 40,000 tons isn't enough for an entire bulk cargo ship? Then you'd have to hope a local miner in Tanzania will be prepared to share half a ship, or you get a smaller ship which won't be as economical. Maybe 40kT is too short? Economy of scale or something...

Just my 2c, I want to find out we have the ML already so I can tell my bro I made the right choice. Who knows, maybe the directors are on the ball and are a mile ahead of where I am thinking?

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WKT have ample water , WKT have a 3,ooo PD plant not a 1,000 PD plant, directors are on the ball and are a mile ahead of what Patterson's are thinking .

https://www.wkt.com.au/wp-content/uploads/2018/04/180411-WKT-Projects-Update.pdf

WKT Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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Patersons Research Update, page-39

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Patersons Research Update, page-39

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