WDR western desert resources limited

SMARTVENTURESagree this stock is way under value and has a...

  1. 363 Posts.

    SMARTVENTURES
    agree this stock is way under value and has a dynamic and sensible management team

    My concerns are the iron ore grade at Roper Bar and the shipping, the Gulf of Carpentaria is very shallow.
    McArthur River mine exports from the gulf and need to barge it out to the ship, zinc concentrte is a lot less weight than iron ore, max tonnage would be 350000 tonnes per trip
    But before we get ahead of ourselves lets get some IO grades The release to date shows grades up to 60% but no further info
    Time will tell
    Could discuss Rover and THOR
    Can only agree a good exploration company that has wisely spread their risk

    Barramun
 
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