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2.4¢ winmar resources limited

Ann: Winmar to seek Dual Listing on London Stock Exchange, page-262

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HAC30

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27/02/19

08:00

Post #: 37580207
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Originally posted by kynrazor ↑

Hmm... a ~50% premium hostile takeover of NZC valuing NZC at $114 million. The Chinese seems VERY keen indeed.

https://hotcopper.com.au/threads/ne...lias-nzuri-copper-for-a-114-0-million.4653321

NZC has Ore Reserve (Kalongwe) of 7.99Mt at 2.94% Cu and 0.34% Co for 234,868t of contained Cu and 27,102t of contained Cobalt. Their proposed 1,000,000tpa plant requiring CAPEX of ~$79 million AUD will churn out 1370 tons per annum of Cobalt.

Bodes well for WFE who with say at minimum of ~1.0% Cobalt feed at ~80% recovery at ~600,000tpa will produce around 5000 tons Cobalt per annum MINIMUM. More than three times the NZC proposed plant with no Debt funding required! 3X!

At ~1.5% Cobalt grade, we will produce close to ~7,500 tpa Cobalt. 5X NZC Processing Capacity! Five times... Even at 250,000tpa, we'll still do more than 2X the production. Very interesting times for WFE ahead, notwithstanding the fact WFE will be capable of funding future exploration and JORC of own exploration licenses and converting them into mining licenses from own cash flow. In short, using own cash flow to fund growth.

Me thinks our Chairman Jason is definitely in for the long haul and one really looks forward to what eventuates from Jason's trip to Europe. Hopefully the upcoming plant valuation and offtakes (when they eventualise) will fill some of the few remaining pieces of the puzzle as we proceed towards the prospectus and re-listing.

The more we wait, the more it feels like all of us holders here have become early VC seed investors in an emerging Major Cobalt Producer with shares locked up whilst the company progresses towards an IPO. No doubt a frustrating wait fraught with uncertainty but in my opinion the rewards will more than justify the wait, especially with Cobalt Bull 2.0 around the corner. The Chinese are definitely feeling the heat now! More competition coming and rightfully so!

U.S along with Erik Prince looking to secure Cobalt resources in the DRC. European Carmakers, Japanese and Korean Battery makers also moving quickly to catch up and secure their own supply chain. Oh and lest we forget, India is now joining in the EV race albeit not as aggressively as the Europeans have been lately.

What an exciting time to be alive...and be part of this irreversible paradigm shift in transport; the EV revolution! My only wish, is to see to it that WFE is realised to its full potential

Expand

Lol. The debate that never dies. As said many times, the value is in the resource. WFE have no resource. WFE has merely stated they want to work towards having one and use third party ore in the meantime.

NZC is where WFE eventually want to be but note how the TO offer wasn't significantly above WFE's current diluted market cap. It shows how silly the price predictions here have been.

I know it will be glossed over but ask yourselves, why would Chengtun buy Nzuri and not just get higher grade third party feed? The answer is simple, yet pertinent.

WFE Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
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Ann: Winmar to seek Dual Listing on London Stock Exchange, page-262

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

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