Ann: Appendix 3B, page-11

@Wooks08 You need to follow the path VEC and WFE have taken ( I don't hold any others so I can only talk about these )

There has been a very consistent pathway ( Basic Really ) that Brewer and his team have used to get the big advanced plays so they can advance not just the company but also the returns for shareholders. Ask yourself how much was there in the bank to Acquire Adidi-Kanaga or WFE's Luapula Cobalt Processing Facility

VEC Adidi-Kanga
Significant exploration and development activities, including 173,276m of diamond and RC drilling, completed a Feasibility Study for the development of the Adidi-Kanga Mine and commenced initial mine construction activities with the purchase and delivery to site of 70% of the mechanical equipment proposed to be installed under the Feasibility Study
US$500mill++ AU$700mill++ Invested by AngloGold Ashanti between 2005 and 2013
https://hotcopper.com.au/posts/37096223/single
Not here to debate VEC , but helpful link to understand why Anglo sold the site !


WFE's Luapula Cobalt Processing
Constructed in 2014 at a reported cost of US$80m
There a very detailed reports on the WFE thread to help you understand how Brewer managed to pull this deal together
https://hotcopper.com.au/posts/35373542/single
In late 2016, AHIC elected to cease production of copper concentrates and complete further
feasibility study work on process flowsheet upgrades to produce a high grade cobalt hydroxide
https://hotcopper.com.au/posts/34523126/single


Wooks mate , I strongly suggest you research the above plays VEC up around 500% and WFE up around 2400% since JB took the lead. Yes they have gone a bit slower than I would like , yes they go up down and all around while we have waited for news . But I have posted here on a number of occasions , if VEC ( And they have ) get Adidi-kanga across the line , the effect should be very positive on his other plays , GLV my pick !

Im not here to attack you or anyone else , so please never take my post as anything but trying to help. But I can not understand how some will always let there dislike for others get in the way of making money. I simply do not care myself

Enjoy the Weekend guys , VEC out next Week should be great for everyone !