Australia's largest stock trading and investment forum Australia's #1 stock forum

WFE

Click for more information

0.00%

2.4¢ winmar resources limited

10m is peanuts, we talking production in 2019 baby!

First 8 Last

Share
Profile

Follow
Mrmena112

142 Posts.

52

19/03/19

18:01

Post #: 37814227
Share

Originally posted by 82Punter: ↑

"a FURTHER $US10M is needed to get the plant operational (as per today's report) ...
Every single company I've ever followed/invested in has gone way over budget in their expenditure on processing plants build/refurbishment, so even the $US10M might not cover it."

Not exactly, the further US$10m is what is required to get the plant operational, first fill and working capital to operate the thing. So it's not the case that it is US$10m for refurbishment of the plant as you are suggesting in your post.

Therefore, whist there may be some cost overruns in the refurbishment, that cost is still a minor aspect of the total US$10m that is required to get the plant producing Co & Cu concentrates as they need to acquire acid, feed, employees etc etc to operate the plant for the first few months until they start to make revenue from sales of the output.

Expand

10m is peanuts, we talking production in 2019 baby!

WFE Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

RLF

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Bitcoin jumps 8% to beat record on Trump vote optimism

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

There are more pages in this discussion • 213 more messages in this thread...

First 8 Last

Add WFE (ASX) to my watchlist