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20.5¢ wiluna mining corporation limited.

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happy Hippy

5,651 Posts.

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21/07/17

21:29

Post #: 26015400
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Originally posted by netd ↑

Between 1997-2006 over 1 million ounces were pulled from the Wiluna Mine at over 5g/t. On average 100,000 oz per year at low cash costs. Only since Apex took over the production dropped to about 68,000 per year at about 4g/t.

At $1600 gold there is plenty of margin for this to be a successful mine. Just need patience.

For example in FY 1998 at the Wiluna underground Great Central Mines pulled 366,000 oz out at 8.2 g/t at cash costs of $350!

ASX Announcement - http://www.asx.com.au/asx/statistic...splay=text&issuerId=539&announcementId=636434

Here is an ASX release from GOWIT Limited who purchased from Newmont. 2003 - 120,000 ozpa / 5.3g/t / $400 costs

http://www.asx.com.au/asxpdf/20031020/pdf/3jf54q16df3fb.pdf

More recently from APEX in 2010

Average grade of 5g/t with cash costs of $890.

http://www.asx.com.au/asxpdf/20110121/pdf/41w9hvlfcdfd0t.pdf

Once they get the grades up to historical averages, this stock will fly.

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Should not put facts in the way of the downrampers obvious glee netd. We will best ignore the 460oz nugget found way back in 1896.
Nah no gold at Wiluna

BLK Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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