While some charts may say we are on a rise and some charts may say we will see a pullback (which shows the subjectivity of charting), what I like about the above Life Cycle of a Mining Share is as Hoots states above it is a 'Schematic graph as highlighted in his other post, similar cycles applicable to most mined commodities'. Which gives confidence it has less subjectivity than individual's charting predictions, which in turn means very exciting things for WKT.
From the details on the mining cycle chart WKT is at 'Production Decision' and 'Economic Viability Shown' stage, which is right at the beginning of a very steep climb in the share price. Ozn't previous post highlights the reasons why we are now at this stage by listing the checklist of what the company has achieved up to this point to bring it now to Production Decision stage, see Ozn't's checklist below:
Hold on to those shares Mums and Dads this one is a keeper.
Warning:- you may experience some G forces while the SP rockets on the steep climb on this leg of the mining share cycle
WKT checklist - posted by Oznt:
Environmental Certificate – CHECK
Water Bores - Water Capacity – CHECK
ML (Mining Licence) – CHECK
RAP – CHECK
Updated DFS 2019 – CHECK
Upgraded GRADES, LOM , and Cut offs – CHECK (comes with Crown - GRADE IS KING)
Stock Pile our Cut off grades for future value – CHECK
Engineering and Design Works completed – CHECK
LOWEST CAPEX – CHECK
Updated Pit Shell Design – CHECK
1st payments of RAP – CHECK
Mobilisation on site – CHECK (awaiting Pics)
1st BOA – CHECK
2nd BOA – CHECK
3rd BOA – CHECK
MOUs and HOAs in the waiting – CHECK
WKT has known markets to grow into – CHECK
$80 Million plus MC – CHECK
Working Capital available – CHECK
Global Sales, Marketing and Distribution Partner – CHECK
INED : Retired Global Mining & Metals Leader from EY (Ernst & Young) on the Board – CHECK
A connected Top 40 Network – Tight Register – CHECK
High Quality, Professional Research Report by IIR – CHECK
WKT Top Rated HC Forum – CHECK
Market Awareness increasing daily – CHECK
