Attempt number 5 I think @ozblue o_O and counting ! You still...

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apkjm

5,172 Posts.

2011

21/02/19

12:07

Post #: 37514363
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Originally posted by ozblue ↑

Why was the plant written down to zero value if they could make a profit on the copper and not re-opened??
Some gold mines, nickel mines, copper mines etc all close down/go on c&m basically because they are not profitable at the prevailing prices.
IMHO if the plant had not been closed because of being unprofitable processing copper, then the opportunity for a deal here would never have been available. Why else do you think the opportunity was available in the first place??
Do you really think that a profitable operation is going to entertain a huge loss on original investment to go off on a tangent with an unknown company??

Some holders need to start thinking clearly here, about why the plant was available for such a cheap deal in the first place. Or perhaps get on the phone and ask JB would be simpler.

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Attempt number 5 I think @ozblue and counting !

You still have not answered a few of my post directed at you man , using a sliding ( LME) scale to purchase our Ore feed for the plant , and also ( At some point ) knowing total cash cost to produce the end product , also knowing the end sale price , how will the falling Cobalt price have a detrimental effect on WFE ?

Other miners I agree it could may have a issue ( If prices falls low enough ) but how is WFE effected !

WFE Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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Add WFE (ASX) to my watchlist

Attempt number 5 I think @ozblue o_O and counting ! You still...

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Scientific conference spotlights PYC's work on blindness disease treatment

Sales growth pushes Lovisa's fortunes (and shares) upwards

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects