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20:43
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Originally posted by tomboy:
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thats very disappointing for WSA, guidance used to be 24kTpa then dropped to 19kTpa now producing at way less at 14kTpa grades dropping away too from 5% to 4.1% to now a multiyear low of 2.9% nearing same grades as IGO Nova mine of 2.0% and lower than nearby POS LJ mine of 3.4% or SS mine at 5.1% milling capacity 0.6MTpa costs aud$4.86 $145M debt $75M MCap $680M WSA needs more higher grade ore & more mill capacity, it is capped at its current mill capacity & dependent on BHP for tolling ore. WSA has been hit with lower production at higher costs due to lower grades and low milling capacity.
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Nothing wrong with the head grade and BHP kal Ni Smelter is only one in the country and it's nearby. Sulphide deposits are rare - PAN was a real score. Ni heading up, give them time and they'll come good. WSA is the real deal in medium term imo.
