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2.4¢ winmar resources limited

This is degrading into a circus..... Stacking Glencore up...

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Wooks08

146 Posts.

58

18/02/19

19:30

Post #: 37475959
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Originally posted by Mutley8 ↑

“Glencore's Katanga operation (the one with
uranium ores
anyone?) now processes about 3,000,000tpa with Cobalt grades at ~%0.4. WFE ONLY needs to process 1,500,000tpa at 1% to
equal
that. At
1.5%
Cobalt grades? Just
1,000,000tpa! 1mtpa at 1.5% Cobalt grade and we'll rival Glencore's Katanga,
with Cobalt ore costs inclusive of delivery cleverly hedged to the LME.
”

Great post....super informative as always

Yes we’ve seen that before, the one that got away slipped straight the fingers. Ouch!!

Adding to your calcs I wonder how the JV compare to Glencore for the expected ~600tpa at 2% or possibly 3%? As the minimum is +1%Co the “average” of all the graded material has to be above 1%.

At the last AGM I was shown data for ore supplies delivered to others from these small mechanised artisan miners, the “average” was around low 2’s, I think that will put us around level pegging with Glencore.

Tonnage is King, Grade is Queen......achieve tonnes + grade and you pull out the mighty Joker!! lol

How can one not get excited about the prospects of WFE?

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This is degrading into a circus..... Stacking Glencore up against WFE?!?!
This is going to become a laughing stock the way it's going...

AIMO

WFE Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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