WFE 0.00% 2.4¢ winmar resources limited

Interesting Article - timing is everything, page-40

  1. 6,376 Posts.
    lightbulb Created with Sketch. 2614
    A lot of this thread belongs in the dreaming thread.
    The company has bought into a 250,000t/a copper processing plant.
    To expect it to turn out anymore than 250,000 of anything is dreaming.

    The original plan was to turn this plant into a cobalt processing plant. Now with the 'ore agreements' it seems that WFE are going to produce more copper than cobalt (2.5%Cu grade, 1% Co grade in ore)
    We know/expect the existing plant can run 250,000t/a of copper ore to produce copper hydroxide, but that is it. To run both copper leach tanks, then cobalt leach tanks, will IMHO require a lot more than a $.5m upgrade.
    The $.5m upgrade announced back last year was the cost of converting the plant, not IMO to duplicate all the leach tanks/ circuits.
 
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