Q "If WTN decide to mine will they also process the ore, or will they sell the raw material?"
A. May go alone or do a deal with BHP. Depends on BHP's price.
Q "What are the current market prices for the raw material and the processed?"
A. Raw material is $288t. Insitu metal is around $600t (45% of $1300).
Some more numbers;
10MT has an insitu metal value of $6bil.
WTN could have 100MT+ over their ground when compared to BHP who found 164MT. This is an estimate based on lease size and obviously needs confimation by drill testing but is definatly feasible IMO.
From thier Annual report it's clear that MnO is a highly profitable metal to BHP.
The only other mines in Australia that are just as profitable are mostly iron ore and some coal mines.
No base metals or gold mines are as profitable.
Not even olympic Dam and Mt Isa based on profit/expense ratio!
WTN Price at posting:
39.0¢ Sentiment: LT Buy Disclosure: Held
