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Another great post! With approximately 10m needed to upgrade the...

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Mrmena112

142 Posts.

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24/03/19

19:02

Post #: 37867379
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Originally posted by The Avenger: ↑

Back in town alright....so WFE have done the deal of 2019 by paying only $5.5M and now own a $70M dollar cobalt/copper plant...the DRC JV partner wanting a swag of shares upfront and on production milestones...also the DRC JV partner had personnel on the ground assisting METS with the valuation...so we have a strong “JV partnership” on both investment in our company and also local knowledge, expertise and in the plant operations and environment...bang for buck ingredients in seeing this project to “first ASX cobalt production”.

The focus should be our MC and potential...let me remind all the apparent NPV experts and as follows -

1. We are now on “going concern basis” the owner of a $70M usd cobalt/copper plant which we paid just $5.5M...yeah that’s right purchaed this thing on the cheap...heart palpitations on open...a 12 times increase in value

2. We are the owner of 5 licences over 500km2 and what did METS say about this landholding...well turn to page 8 of the METS report and below the extract from report...

“Winmar resources have exploration tenements WITH COBALT RESOURCES which could be possible feedstock into the plant in future”...interesting choice of words from METS...maybe they’ve seen the trenching, pitting and drilling from the RC and DD drills as part of the historical work

3. In the dual listing announcement on the 19th feb, Vision (Jb) noted WFE seeking to increase it’s landholding...METS nite on page 8 of the report is interesting indeed.....and as below

“Larger open pit resources and landholdings located nearby are available for acquisition and expansion.

The market will rerate this MC accordingly and will be IMO well north of where we are right now given all the above PLANT, existing landholdings and prospective landholdings.

Let’s also not forget the

A. “short term 2.5 years of feed at 1% cobalt and 2.5% copper

B. The assumed $25m offtake aggremensts in train through Airguide..if this is forthcoming the market will get certainty we have a supply agreement and plenty of “funding” in a period where recession fears for next year are intensifying

C. The Kuni clean cobalt process to increase our supply price terms and also supply partners through Europe through the ethically sourced initiative

D. The fact we now have definitive/known plant refurbs and commissioning from METS that allows The market certainty on our push to first ASX cobalt producer and a top 10 global cobalt producer

FOMO will be a major driver hear and the realisation will be heart exploding once the END GAME prospectus is unveiled

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Another great post! With approximately 10m needed to upgrade the plant, do you think that will come from the off take?

WFE Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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Another great post! With approximately 10m needed to upgrade the...

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