Member Info for cristalball

Need the MDA signing. Need to find $500m from somewhere to build the mine. that's the critical path.

Is Riddler ok ?

I hope so Tom - so many false dawns over the last 5 /6 years . Looking good now . Just need a DHL / Bosch etc to drop a curve ball and it will do multiples from here .

Whoah - big jump to 17p

£2 a share T/O can’t come soon enough

4x market cap. What a whopper, and frankly it’s come from one of the smaller / less high profile channels . Imagine if DHL / Bosch now suddenly want a big piece .

In short - the DFS doesn’t tell us anything we didn’t already know . It is all now hinges on funding and MDA . I really didn’t want it to be released - much rather ride the wave of Takeover / deal speculation that fuels AIM. Hey ho - today’s movement not unexpected.

NPV is basically accounting for the time value of money - so showing future revenues in what they are worth today . (Because you commit the capex now) in order to work this out you have to assume a discount rate (10% used). Standard accounting stuff

:-)

After holding for 6 long years, and a steady (bumpy) road upwards - it mostly comes down to what happens this week. I am hoping for the MDA/FS/Funding trifecta. Fingers crossed and good luck to all holders, especially the handful of long term MKAers. You know who you are.

MDA advanced stages - it was a really bullish update 4 months ago to now go quiet…. Fingers crossed with get the FS / MDA and financing all in one

This was the detailed update - to be completed “up to 3 months fr 7 June”.

Capital cost estimate: pricing for mechanical equipment, structural steel, civil, electrical, control and instrumentation and piping bill of quantities, process plant EPCM cost estimate, site infrastructure costs, transport estimates using equipment masses and steelwork quantities are 100% complete. Update of capital cost estimate is 90% complete.

Operating cost estimate: preparation of plant labour schedules and pay rates is 90% complete. Quantities and costs of consumables, spare parts and utility requirements is 100% complete and administration costs and other overheads are 100% complete. Verification of reagent consumption and costs are 92% complete. Update of operating cost with updated labour rates, transport and laboratory costs is 92% complete.

Environmental, Social and Health: review and impact assessments of specialist studies, rehabilitation and closure liability is 100% complete. Environmental, Social and Health Impact Assessment is 98% complete.

Sustainable energy trade-off study: investigation of alternative energy sources, compilation of energy balance, design of solar PV and detailed costing and preliminary wind resource assessment is 100% complete.

Metallurgical test work: grinding test work and trade-off, plant raw water testing, solid liquid separation test work, flotation and hydrometallurgical test work is 100% complete. Water and variability test work is 80% complete, and tailings geochemical and geotechnical test work is 50% complete and expected to be completed by the end of this month.

Processing engineering: process flow diagrams, mass balances, process description, mechanical equipment list, design basis, pipe and instrumentation diagrams, process control philosophy and HAZOP 1 and 2 are 100% complete.

Mining: in-pit services, haul road design, waste rock dump design, issue of enquiries into market, mining schedule, pit optimisation and design, storm water handling and water reticulation are 100% complete.

Mechanical, civil and structural engineering: mechanical equipment data and duty sheets, general arrangement drawings, civil design criteria, structural design criteria, bill of quantities, bulk earthworks, civil and steelwork quotes are 100% complete.

Electrical engineering: electrical design criteria, electrical load list, cable schedule, installed and consumed power schedule, electrical material take-off, electrical procurement packages, motor control centres and transformer sizing are 100% complete.

Control and instrumentation engineering: control and instrumentation design criteria, instrument data sheets and schedules, control and instrumentation material take-off, instrumentation diagrams and control and instrumentation procurement packages are 100% complete.

Piping engineering: piping design criteria and calculations, piping material take-off and piping bill of quantities, schedules for line list, pip

Lewis - to clarify , a BFS comes after the DFS - in essence it is a level of detail at which you can borrow against the project . We were supposed to be getting a BFS - although the company started taking about a DFS in later coms.

All very true - but will the tribes partner with Webis if there is a land grab and the big boys throw huge amounts of money at them. you need a tribal partner under the California Solutions to Homelessness and Mental Health Act - proposals (love that name)/

All a little confusing - would be good to get some clarify from the company.

Q) - Will any of the proposals be beneficial to Webis & if they are will they be voted through.

it appears that the second act on the ballot (California Solutions to Homelessness and Mental Health Act) requires the major operators to partner with a tribe - unsure if this includes racetrack operators - i don't think so. (we would clearly be allowed to offer sportsbetting on-track - not sure if online). This model has worked in other states with casnio operators - they can have several "skins" under their license - with different revenue share models. Tribes can also launch their own sites - i am conflicted as to if or how beneficial this option will be to WEB.

the first bill only allows sportsbetting on tribal casino land or at the racetrack (clearly of benefit to Webis)

I think this will hinge on the method of market entry - interesting article here as well.

https://www.capradio.org/articles/2022/06/25/what-happens-if-californians-pass-two-sports-betting-initiatives/

Also - clearly a large fundraise needed . If they use “working capital “ as an excuse I may explode .

Awful performance over the laser 6 years . My worst share. Back to sub 1p old money we go. Why o why o why did I not bail in January.

This was touted as a great buy at 10p, wish I hadn't bothered now... Guess it's one for the long haul.

It it totally legal but unfortunately a newly formed company who are going to try and sell some units . One man band operation, basically an affiliate. Total ****e.