Thanks for your pearls of experienceYou are right these are red...

Thanks for your pearls of experience

You are right these are red flags and risks

However the average head grade at Woods Point Morning Star is 11g/Mt

The mill can run at 9Mt/hr

So 99g/hr recovered @ 10hrs a day = 1kg or $88,000 revenue

5 days a week $440,000

Or ~AUD22M/ annum

Staff and Admin Costs of AUD$8M, plus further development... $3M-5M

I view WRM as a real estate investment

Put simply they have collectively USD$6 billion in JORC actual, and or inferred resources across 3 mining areas in two tier 1 jurisdictions.

Its not a WA Sandpit aka circa Kalgoorlie mine, so yes the inital costs for mine preparation are not a ABC123 hole in the sandpit approach

This is deep shaft, quartz vein mining as you can appreciate