WFE 0.00% 2.4¢ winmar resources limited

WFE One ticked, 1 and a half more ticks to go 1) WLMC...

  1. 508 Posts.
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    WFE One ticked, 1 and a half more ticks to go biggrin.pngsmile.png

    1) WLMC Registration Licenses. Ticked.
    2) WLMC JV import/export permits and licenses. Ticked.
    3) WLMC JV Operating License B. Administrative matter (Now Anticipated). AHIC already holds License B. Half Ticked.
    4) WLMC Ore Supply agreement secured. Near Likasi to boot!!! Ticked.
    5) WLMC Offtake Agreements. In discussions. Perhaps nothing can be signed until shareholders have approved WFE's acquisition of the Production facility and the JV becomes official which requires in-principle ASX approval.
    6) WLMC partner AHIC accounts. Probably Received. Ticked.
    7) WLMC Independent Plant Valuation by METS Engineering. Ticked.

    Valuing the plant purely as a tangible asset nets us US $46,317,668. Once the plant's been put in operation, its tangible asset value becomes US$ 70,000,000!!! US$ 70,000,000 = ~AUD $98,640,500. Seriously much more than I expected.

    And that's not even including the potential SX-EW Cathode plant expansion via strategic partner funding. One can't be not seriously happy about this with offtakes hopefully just around the corner.

    5.5/7 overall score as it stands. We're definitely well on our way towards our 2nd application for in-principle advice to the ASX. Under-promise & Over-deliver. Bring it home Jason! Onwards towards Re-Listing and Upwards! smile.pngsmile.pngsmile.png
 
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Currently unlisted public company.

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