@Mutley8 ..."So WFE can go one better and use real time costs of the actual plant and increment the costs to suit the conversion from copper to cobalt. Instead of some dart throwing feasibility study based on personal opinion and costs from someone else’s plant!"
You make all sorts of statements about others being wrong, but you yourself do not understand this at all.
You cannot use the costings from the copper processing plant in the past unless you are going to run a copper processing plant.
To run a cobalt processing plant with copper hydroxide as the by product has different processes to how the plant was running before, plus the plan is to use different ore.
If they could use all the past numbers, then this would have been trading last year, because the prospectus would have been very easy to finish.
WFE talked about sales into the spot market in the Batteries Metals Conference in March.
Basically if what you state about using old copper processing data was correct, then there would be no excuse for still being in suspension, they should have had all the info they needed to comply with the ASX, with the exception of the offtake agreement. By getting IEs to report price and ability to sell into spot market, instead of an offtake, should have had this trading long ago.
Considering what was mentioned at the BMC about sales into spot market instead/as well as offtake, then if you were correct about the past records being good enough, then what is stopping the publishing of the prospectus?? If they had everything correct in the prospectus, there is no need to ask for in principle advice. Companies use the step of getting in principle advice for aspects that are skating around the edge of what is accepted practice.
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