WWI 7.14% 1.5¢ west wits mining limited

THE 4 MILLION OUNCE BET, page-9072

  1. 13,023 Posts.
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    Gold in ZAR$ since 2000 is up 1,533% !!!!

    IMHO whats keeping WWI SP from kicking on is investors on the sidelines ...

    "Early works are being implemented over a six-month period from October 2021 to March 2022, with initial production aimed at delivering 5,000t to 8,500t ore per month from February 2022, which is expected to ramp up to a production rate of 8,500 to 10,000t per month from July 2022."

    So really minor Gold Production Profile first three years goal is getting upto 25koz pa ... not till 2026 till we see 53koz pa ..

    If we could see a J/V from a major that would take 60kt of ore per month 720kt pa
    paying WWI net $300oz USD per oz free-carry of Gold recovered(and this payout price could be fixed to USD Gold price aka set at $1800oz USD for every $100oz higher or lower per oz received each could change payout to WWI etc)

    (JV major would pay 100% OPEX share of CAPEX )

    WWI latest➢ Measured Mineral Resource category 8.8mt 1.45Moz 4.6g/t

    that would be around 12yrs of mine life from present Measured Gold resource

    @ 90% Gold recoveries = 106koz pa -JV deal pay's WWI(66% share) USD $300per oz produced = 20.9mill USD pa + Uranium --

    IMHO that would see WWI SP drive to the mid teens to 20's depending on finer points of JV ..
    as those sideline investors LOAD up ASAP FOMO etc
    Last edited by Sharetrader78: 31/12/21
 
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