Articles in News today 16/02/2024.
Mercury: WES caught in Lithium Crash.
Market Index. Lithium only drag on WES results.
So when WES purchased KDR Mt Holland they acquired 100% rights to the 1,200,000 Oz gold resource with significant blue sky upside in potentially more Oz of gold.
So my basic calculation on this is;
1,200,000 MOz Gold @ $3,000/Oz = $3.6 B
1,200,000 MOz Gold @ $1,800/Oz cost = $2.16 B
Profit after costs = $1.4 BILLION !!!!!
So why ???? isn’t this being developed to offset Lithium Capex ?????? I don’t understand !
Articles in News today 16/02/2024.Mercury: WES caught in Lithium...
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Last
$65.41 |
Change
0.030(0.05%) |
Mkt cap ! $74.18B | |||
| Open | High | Low | Value | Volume |
| $65.59 | $65.84 | $65.34 | $60.98M | 931.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 462 | $65.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $65.43 | 3152 | 2 |
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| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$65.39 |
Change
0.030 ( 0.17 %) |
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| Open | High | Low | Volume | ||
| $65.46 | $65.83 | $65.35 | 95974 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| WES (ASX) Chart |