WFE 0.00% 2.4¢ winmar resources limited

independent valuation of luapula plant, page-95

  1. 8,601 Posts.
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    Again good points however I think you are mistaken. The whole purpose of the independent report was to deal with the query raised by asx

    Specifically, ASX was concerned that “the history of the Luapula Processing Facility, having been constructed over a period of approximately 4 years at an estimated cost of US$80 million, in operation for a period of 2 years, following which it was placed on care and maintenance with its written down value to nil but subsequently re-valued to approximately US$30 million.”

    So the whole point of the report was the valuation of the plant rather than the total operations. There is no mention of the Aquisition of the exploration licences prospective for copper and cobalt So it makes total sense that the npv mentioned in this report was specially related to a plant that could prove to be operational.

    Either way my point to you is you shouldn't talk with so much conviction when there the cash flow model was not provided in the announcement. Is what your saying possible? Of course it is but you make it sound certain.

    Last edited by TheGladiator: 21/03/19
 
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