Australia's largest stock trading and investment forum Australia's #1 stock forum

WMC

0.00%

20.5¢ wiluna mining corporation limited.

Thanks,I think this pretty much sums it all.They do promised...

First 182 Last

Share
Profile

Follow
summer1

654 Posts.

11/11/16

16:25

Post #: 20555855
Share

Originally posted by thunder54 ↑

No, the sulphides are profitable either way.

That's not important Blackham has to do several things, first and foremost they need to bring the plant up to commercial production rates, to prove they can produce 100koz next year.

Second they need to drill out these resources that they have they have to measure them so we can have a great enough confidence to go dig them out of the ground, that will happen gradually over the next 18months.

At the same time they need to reinvest in upgrading the capacity of the plant clearing the way for 200koz+ production.

If they can do all that successfully skys the limit really rrl were up near $2bill recently doing 300koz a year with a 2Moz reserve on a 8Moz resource, all goes well we could be doing 200koz with a 1.5Moz reserve on a 5Moz resource.

When I bought rrl around a $1 they weren't the company they were today when I bought RMS at 10 cents they weren't either, BDR was looking very sick with all sorts of problems when I picked it up for 11 cents.

In this game if you want to make big money long money you have to go where you think the ball is going even if the vast majority of panicked idiots are going the other way.

Expand

Originally posted by thunder54 ↑

No, the sulphides are profitable either way.

That's not important Blackham has to do several things, first and foremost they need to bring the plant up to commercial production rates, to prove they can produce 100koz next year.

Second they need to drill out these resources that they have they have to measure them so we can have a great enough confidence to go dig them out of the ground, that will happen gradually over the next 18months.

At the same time they need to reinvest in upgrading the capacity of the plant clearing the way for 200koz+ production.

If they can do all that successfully skys the limit really rrl were up near $2bill recently doing 300koz a year with a 2Moz reserve on a 8Moz resource, all goes well we could be doing 200koz with a 1.5Moz reserve on a 5Moz resource.

When I bought rrl around a $1 they weren't the company they were today when I bought RMS at 10 cents they weren't either, BDR was looking very sick with all sorts of problems when I picked it up for 11 cents.

In this game if you want to make big money long money you have to go where you think the ball is going even if the vast majority of panicked idiots are going the other way.

Expand

Thanks,I think this pretty much sums it all.They do promised upgrade to 200koz pa within 12months，as I remembered？

BLK Price at posting: 64.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

PAM

PAM secures high-grade Chilean copper play in strong territory

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

There are more pages in this discussion • 71 more messages in this thread...

First 182 Last

Add WMC (ASX) to my watchlist

Thanks,I think this pretty much sums it all.They do promised...

Top Stories

PAM secures high-grade Chilean copper play in strong territory

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

Featured News