Post by
trader53 on Mar 26, 2024 12:12pm
New presentation!
Taking note of the recent presentation and the fact their intent is to release an MRE I believe that a production decision will be made shortly after the release. My guess is they hope to prove up 15,000,000 tons which would give them a highly profitable mine with a 10-to-12-year mine life. This mine could be an interictal part of the supply chain for either the Ford or VW's Battery plant within 7 hours driving time. My belief is they already have the metallurgy results and because of the coarse grained Spodumene I would suggest the recovery is exceptional. With a near surface deposit no major waterways and full infrastructure including power rail and roads in place the task of permitting would be simplified thus a shortened permitting time. This mine would be a cash cow with very low cost and would give both Winsome and PWM the funds to continue their exploration programs. Just one mans opinion but if I am right PWM could be a life changing investment.