WFE 0.00% 2.4¢ winmar resources limited

Ann: Winmar to seek Dual Listing on London Stock Exchange, page-228

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  1. cfp
    2,919 Posts.
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    @ozblue, a JORC resource is only attributable to a miner, JORC is an estimate on what may be there, beneath the surface and can be mined. as this ore is not mined in Australia by WFE and is purchased from a 3rd party to WFE, WFE do not have to have a JORC, the ore when supplied by the 3rd party  will have to be weighed on a weighbridge, sampled and assayed. payments made will be against actual cobalt and copper in the ore based on what actually is received and processed, the contracts are for actual ore delivered and sampled and processed, so WFE will know 100% what it is. should the product not be up to specification then WFE will not have to pay for it or can negotiate a reduced price. as far as I can tell we only have to provide the JV partners books to the ASX and have the plant revalued to reflect a worth, once these are completed then we can reapply to the ASX and if successful prepare the prospectus which will be full of information and start to trade again, IMO when we trade we will be in the top 10 cobalt producers in the world, I really feel if any poster or non poster would like to discuss this with Jason Brewer or any of WFE management they will make themselves available to talk and explain where they are at with the recompliance, GLTAH
 
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Currently unlisted public company.

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