independent valuation of luapula plant, page-196

Nice to see the emotions running high Oz and you’re persistent appearance on the WFE threads...can assure you I’ve done my upmost to be facts based rather than running scare campaigns...now with that out of the way let’s clarify the “possible” outgoings and incomings....remember I’ve made sure to qualify my findings with the possible because as you know in business or investment there are always either hidden costs or surprsies...as follows
Possible Payments (cash component)
- $7.15m aud for the plant
- $1.56m aud for the landholdings
- $5.85m aud for the plant readiness
Possible Receipts (cash component)
- $10m aud cap raise for ASXlisting
- $??? Unknown funding for LSE listing
- $32 aud or more offtake...unknown
- $?? Funding from European partner..unknown and probably part of LSE listing

**please note contrary to your claims the $5.5M is inclusive and within the overall $10M...Oz please refer to page 93 of the METS report under project budget

***this is all in IN MY OPINION..also for metric accuracy have included all numbers in aud

Also contrary to what you Oz and others stated WFE will be in a very strong position from a funding perspective if all works out the way they’ve indicated in their announcements.

You Oz are also very misleading with statements regarding what WFE have been doing whilst in suspension and why they haven’t been working in understanding the planf cost upgrades...let me explain....
1. WFE needed to prioritise and focus efforts on the relisting exercise...there is nothing sinister in the order of events as you would want us to believe
2. WFE have been transparent through their announcements that this is a HUGE DEAL and for which the ASX have required them to move from simply processing under the existing company regime to pushing through a major change in nature of operations in a chapter 1 and 2 relisting so hence admin costs and lengthy delays mean CAPITAL needs to be preserved to work on the right priorities of RELISTING instead of being distracted spending money on engineers and plant operators...you get it