ok fair enough, their leases cover a bucket load of Manganese along side BHP. We all know what a high quality and grade this Mn is. I'm not doubting that. The one issue everyone should be very careful of is getting access to the ground. Ok their tenamants will most likely get granted. This doesn't mean that get direct access to the ground for exploration. Once ground has been granted they have to go back to the mining act and put forward initial mining plans and what they plan do do with the waste etc. This could take months to satisfy all parties.
And do you really think the local aboriginals are going to bend over at anything and let WTN dredge up their coastline..? not without a fight.
Not doubting to amount of Mn they are sitting on. I live in Darwin and fish around thier and you can see the outcropping and mineralisation clearly move into the water. It is definately there!! getting to it another issue. I hope it plays out in everyones favour....it could take a while though. I expect movement on the stock after granting though.
WTN Price at posting:
59.0¢ Sentiment: None Disclosure: Held
