WA8 2.04% 5.0¢ warriedar resources limited

The mill hasn't been in operation since 2019.Everything is...

  1. 3,728 Posts.
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    The mill hasn't been in operation since 2019.
    Everything is fixable, looking at the pictures I'm presuming this mill would take a fair amount of capital to get it back into a spitting out gold bars stage.
    What I'm more interested in is the sunk peripheral infrastructure, active mining leases and surrounding mills.
    This will be mined by one of the surrounding operations.
    The question is which producer will move first.
    29M, RMS, RED, SPR or CMM???

    More likely
    29M 3km away, mill has plenty of latent capacity.
    RED Ricciardo deposit closer to Deflector than Rothsay. Deflector only has enough reserves for 36 months of operation.
    CMM Similar haulage distance as Big Bell to Tuckabianna, a medium scale high grade mine like Ricciardo (1.8+gt) would offer a great supplemental feed option for Mt Gibson's Mill (head grade.9gt)

    Less likely
    RMS Mt Magnet still has plenty of mine life, haulage distance over 100km.
    SPR may buy and decide to use a similar strategy to Dalgaranga (drill it to kill it, if it can't be killed it will be a mine), Ricciardo has been largely undrilled below a depth of 43M, Ricciardo ie even more poorly explored than their Gilbeys deposit which had been underexplored at depth before SL's team struck Never Never gold.

 
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5.0¢
Change
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Mkt cap ! $34.62M
Open High Low Value Volume
5.1¢ 5.1¢ 5.0¢ $66.06K 1.305M

Buyers (Bids)

No. Vol. Price($)
1 100000 4.9¢
 

Sellers (Offers)

Price($) Vol. No.
5.2¢ 190000 1
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Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
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