WWI 5.88% 1.6¢ west wits mining limited

Ann: Restated JORC Resource of 3.55Moz Au for Mining Right, page-110

  1. 2,836 Posts.
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    Even with the new numbers and lets say we only get 2 million oz ore reserve, and without taking into consideration upside potential as has been stated multiple times that we have only tapped into depths of <300m and this mine could go into 1500m if not the 3100m our neighbours are doing we are still gonna be valued at 24c/share.

    So DFS will be the one I am waiting for and betting on.

    Now with regards to CR, imho this Ann only signifies that we are not doing it and would only be a Raise to cover the capex for mine development and initial operation. As if this is not the case, CR would have been done immediately post appeals dismissal. Next week's reports would either support or junk my this. So looking forward for those as well.

    Anywho, my opinion only.
 
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