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WAI Capital Investments Corp WWEXF

Metals & Mining Industrial Metals & Minerals
WAI Capital Investments Corp is an exploration stage company engaged in the acquisition, exploration and development of iron ore properties located in the Republic of Guinea.


GREY:WWEXF - Post by User

WAI Capital Investments Corp > Take A Closer Look
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Comment by LeThugon Mar 05, 2013 5:54am
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Post# 21078529

RE: RE: RE: RE: RE: RE: RE: RE: Take A Closer Look

RE: RE: RE: RE: RE: RE: RE: RE: Take A Closer Look

Hi Oracle,

Glencore didn't buy into Bellzone, they just got an offtake agreement for their Forécariah mine (JV with CIF).

CIF is holding 25% of Bellzone though.

On the other hand I agree that WAI seems to have better grades (lower impurities). But Bellzones Forécariah mine is some kind of test plant for the much bigger Kalia deposit that also awaits the "go" for the construction of the railway. They are also cheap as chips for a producer and a potential producer of 40-50m tons in a few years.

 

Qaxter,

did they mention what needed further testing or has it been the incorporation of the other (potentially) minable resources as stated in the last news?

 

Chees!

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