WFE 0.00% 2.4¢ winmar resources limited

Ann: Winmar to seek Dual Listing on London Stock Exchange, page-235

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  1. 5,172 Posts.
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    Hey @Scarpa , hope all is good man I ripped out your JORC quote so we don't get confused

    (To suggest JORC does not matter to WFE is a very strange argument to make) I do not think this is the case hereon the thread mate !

    The debate over the last few days has been more about what the ASX will require from WFE to re-list , the JORC debate got weaved in with the 3rd party Ore supply to the WFE Production Plant.

    : I agree that a JORC will 100% be required , but only on the WFE controlled and owned leases

    : I disagree that the ASX will require 3rd party ( ASM) (SMM) miners to 1st SAMEREC then convert to JORC ( 2012) code . I would actually be surprised if out of (10) 3rd party Ore suppliers , 5 even had a SAMERC done.

    WFE and its advisors have also completed a review of the current and previous ore supply and purchase contracts that these companies have held and maintain with other cobalt and copper processing plants located in the DRC Copperbelt for the delivery high-grade cobalt and copper ores.

    Ore  copy.jpg

    What WFE have is Years of Ore supply agreements and purchase contracts from these 3rd party Ore suppliers , to were they have sold there Ore to other Production Plants.

    Purchase contracts and agreements that show a consistent High Grade Cobalt Ore supply and at a consistent Monthly tonnage ( and at what price )

    JORC yes on WFE controlled leases only , No for me on 3rd party supply ( Needing JORC ) as there is Years of documentation to back up there ability to supply the Plant ( Over Supply )


    Anyway , it must be Beer time somewhere , so carry on all !
 
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