WPG wpg resources ltd
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Magnetite:WPG: 569mln tonnes at 35%FE contents (inferred...

  1. oppietrader
    5,378 Posts.
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    29/06/07
    09:25
    Post #: 2579134
    Magnetite:
    WPG: 569mln tonnes at 35%FE contents (inferred JORC)
    FWL: 112.5mln tonnes at 25.3%FE (inferred)
    Note: better FE contents (10%), potential mine life of 50 years for WPG versus 20years for FWL.

    Hermatite: WPG could generate as much as $50mln margins (EBITDA) per annum for 10 years, with production starting from 2008. Bankable Feas study coming soon.

    Market cap (Fully diluted): WPG = $103mln vs FWL = $78mln....

    Which one better? Definitely WPG.....
    WPG Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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