Any opinions on Wiluna (WMC) as a potential acquisition?
Don't flame me. Not pumping WMC - in fact was unaware of them until yesterday. But on brief review of presentation and latest quarterly, seems like "has substantial potential but needs funding to realize it". Much like Detour was for Kirkland Lake, and perhaps like Deflector was.
Essentially, WMC has substantial reserves of highish-grade ore, but it's refractory so that you have to build an expensive processing plant before you can make (much) money.
Negative & bearish comments welcome; honestly looking for various perspectives. My assessment may be newbie naivete WRT WMC.
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