The longer it goes with no news seems as though WIN and BHP talks may be cooling off. Perhaps it makes more sense that Wyloo have been now caught needing more feed for its proposed integrated battery material facility in Kwinana. I could be wrong but Kwinana appears ‘only’ 600km from Kambalda, and I’d suggest Wyloo/IGO would be wanting as much feed security as possible - especially with the IGO Western Areas writedown. Mincor would no doubt be sending its feed from Kambalda to Kwinana so it makes sense to me. Anyways, we’ll find out sometime this year.
WIN Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
