WFE 0.00% 2.4¢ winmar resources limited

Mydisco2 you are correct unlike others who either just don’t get...

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    Mydisco2 you are correct unlike others who either just don’t get it or are simply misleading- so the $10m IPO ASX monies will cover all the initial plant Purchase, upgrade and commissioning to production
    Oz please turn to page 93 under “Project Budget” and the Plant Refurb cost is USD $2.3M…..all the other costs relate to FIRST FILL, SPARES, OWNERS COST, PERMISTING AND COMMISSIOING
    So the total plant outlay is approx $10M inclusive of the owner’s cost of $5.5M and hence below

    Possible Payments
    - $5.5m usd for the plant
    - $4.5m for the plant readiness
    Possible Receipts
    - $10m cap raise for ASD listing
    - $??? Unknown funding for LSE listing
    - $25m or more offtake...unknown
    - $?? Funding from European partner..unknown and probably part of LSE listing

    WFE will be in a very strong position from a funding perspective if all works out the way they’ve indicated on the ASX listing, LSE listing and off-take funding.
    Get all this done and along with the “near term cash flow” from the 636ktoa 2.5 years cobalt/copper supply arangements” we will certainly open with a compelling COBALT Producer story...heart pumping stuff.....keep this thing in suspension please
 
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