independent valuation of luapula plant, page-166

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HAC30

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25/03/19

10:53

Post #: 37871543
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Originally posted by The Avenger ↑

Sorry mate but NPV failed to include the 5 landholding licenses and what cobalt resources are contained within them along with a prepaid off take possible $25m or more end supply agreement..that’s right NPV is estimating on knowns right now and at market conditions right now...MC as you should know don’t work like this..
Have you read what METS said about the landholdings and surrounding area-
. 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

Also interesting how you think this is about a “liquidity event” on open ..that is a trader’s mindset and me thinks provides a bit of background into some of the contrarian posting here...opportunistic....right now we haven’t got the full story but there is enuf to convince those going long that the “business strategy of listing as a cobalt producer with a cornerstone Plant, JV partner and yet to be revealed European manufacturer/funding partner” is a better bet than investing in a traditional explorer play having to back to the market time and time again to keep the drill bit going...each to their own

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Yeah, yeah same old song and dance. Rinse and repeat from 'committed shareholders' who are suddenly not as committed once it starts trading again.

The selling will be blamed on traders as everyone moves onto the next.

WFE Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
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independent valuation of luapula plant, page-166

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