Bomber Hurts dont it !! Dont know how you get the courage to type it out ! I reckon you should be getting back into AEX.Ive done some heavy research lately - making comparisons with other potential projects and its amazing the price some projects fetched.
An example.
Loma de Niquel in Venezuala. 34 mill tonnes 1.48 % Ni smelting (cant even HPAL ) 17500 tpa capacity
AngloAmerican bought 85% of the undeveloped project in 1998 for US$65 mill ! and have since spent US$548 mill (World Bank helped out) on bringing it to production early this year. They(Anglo) they know they made a blue now - but there are plenty of other examples of massive dollars changing hands for projects that SEEM to have little in comparison to Wingellina. The key to getting a project developed is having low capital/operating costs with 250 mill tonnes.This reasoning shines through all the recent info available.Wingellina fits that criteria to the letter.
