RE:RE:For those who owned RomarcoI only come across Romarco in the second half of 2015 so don't know much about the company before that time. However, all stocks crashed massively from 2011 to 2015 and Romarco was no exception. That the company still managed to move on, get the permits and secure financing in that environment is, in my view, an excellent track record. I know the project was outstanding which helped, nonetheless not many companies can claim what Romarco achieved under Dianne. And you have to add to that the fact that it was in the US where it is very difficult to secure permission for a new mine.
WG has more money than 5m cash, having raised 11.5m in April.
WG is a different play as most of the deposit is made of nickel with PGMs slightly less than half. But the deposit is monstruous - not far from 20m oz PGM alone in all categories (5m in M+I).
A little help from prices, better recoveries and good planning (to mine higher grade material initially) and it might be viable. Hopefully Dianne will manage just to make this project turn in to a mine.