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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 > Na
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Comment by LeThugon Apr 07, 2013 8:15pm
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Post# 21223821

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Na

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Na

@veritas

"Have we gone from hero to zero ?"

As mentioned, Sambalama seems to be more difficult to drill than the other targets. So they will drill it again later. If I recall it correctly there are some faults etc. so it could have turned out in sinking a lot of holes and wasting money.

Now it seems like they will receive a funding of 30m $ because they shifted their priorities so I guess it's been the right decission. 

When it comes to DSO I can imagine that a target of 50km² as Wondima doesn't host the same quality of ore all over the place. Personally all I want is an end product that is upgradeable to 64%. DSO would be the icing on the cake.

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