If we can begin processing these tailings at a decent profit margin, we will be a success. It hasn't run to plan for us investors at all, but we now have every chance of finally seeing our situation reversed, with a real upside in value possible, which undoubtedly our continued patience merits.
The previous report that showed an IRR of 197% was tested and it was concluded, in practice, to be a worthless process with recovery rates at best 50% meaning the original DFS was in fact a load of .......
I don't think we can compare the two reports been as it was basically a fairy tale written by Dennis Human and published by Masoud 'what's my name again' Alikhani. Nearly 12 months ago that report was produced, toilet paper.
As much as I would like a headline grabbing figure and return on investment within 10 months as was previously lavished upon us, I wouldn't be too horrified if the new process didn't hit those figures, but instead actually worked and gets put into practice - which would be a huge improvement.
From the statement made in the RNS of 19 August, I am expecting September to be the month where interest in this share finally picks up a fair bit. Hopefully, we will have the EIS report to digest by the end of the month which will blow the old one out of the water regarding processing efficiencies and much better recovery rates. The previous EIS showed an IRR of 197% and a return of the initial investment of just 10 months for the WPT. This was obviously not to be sniffed at, but a major improvement on that is going to make some impressive reading.
Obviously, Zema approval is key to the whole thing but I can see more interest building before that point.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.