stolwyk - sandybeachs, page-3

Cofi,
I attended a briefing session with TTR, WSA and MCR.
WSA had only $1.5m in the bank.
They wouldnt disclose the mining costs or infrastructure costs whereas the other 2 did.
Talking to Julian Hanna after he said they were being squeezed for project finance, and the financiers wanted WSA to hedge against that which might take them out of some +ve Ni movement.
A lot of WSA costs were in their "approach" to new exploration/mining which was all greensite from memory.
A Forrestania feasability and mine development schedule was to be completed by July.
Also July was to be the start to the flying fox mine decline with an aim to double flying fox resources.
December was the planned start to Diggers South mine decline.
WSA had a huge sp move on the flying fox discovery with shares jumping from approx. 50c to $2 within a month.
I think the markets gotten jaded with them and of the 3 presenters, I was most unimpressed with WSA.
MCR and TTR however seemed more open about sharing their details.