Ann: Wits Basin Scoping Study, page-178

Yes ... first up lets see how project finance for full implementation of Stage 1 goes ... market happy to sit on their hands ..and maybe think GOLD has had its run ...I don't think GOLD has really got going yet ... WWI my only pure GOLD play with a Sizeable Resource and upside ...

SP target ... hard to know without all the factors known going forward ... better case later 2022 ...GOLD
moves well into the 2000's ..so we see $3000oz AUD ..thats going give a BIG boost to market sentiment towards ASX Gold plays like WWI

As we se from the scoping study LOM 1.6Moz(personal believe that could be increased north of 2Moz as operation proceed) of GOLD revenue @ $2250oz USD av.... Is $4.5Billion AUD

A major player will know ramping up the tonnages will reap lower OPEX and they will do their T/O numbers on this ...and of course want to pay as low of price as possible

I've always though in a Bullish Gold market $2k oz USD ... WWI should be offered least $200mill AUD for WWI 67% ownership WBP as a proven 90% recoveries of GOLD ..just If or when this could happen I'd love to know..

So hoped SP target at present thinking > 12c for WBP GOLD ...

but then of course we have U upside in the picture as WBP also contains an Exploration Target with as much as 12-16 million pounds of uranium ...which is currently $53lb

so of WWI WBP project can add in U production of 2m lbs $53 USD = WWI 68mill USD
so say another 4cps (16c)

Mt Cecelia Project RIO J/V ? .... could be worth a few cents to the SP