WWI 6.25% 1.5¢ west wits mining limited

Ann: Presentation - 121 Mining Investment - New York, page-40

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  1. 4,530 Posts.
    lightbulb Created with Sketch. 1520
    I can say he has a new appreciation of the difficulties of running a mining business as too running an exploration company. We were in Chile together first week of April then 3 weeks later he went to the US to catch up with an Aus listed Au company, he spend 7 days with the MD from a tour of the mine to sitting in the car while the MD put out fires on his phone. He saw their early start mining operation and learnt about their teething issues. Same thing happened in Chile he could see the pressures on one guy who’s job it was to select the highest grade waste to put through the mill @1600 tons per day to make sure the mill was running with the highest possible positive cash flow.

    He went to SA from the US as Danny posted he went underground I don’t know the details of the EMI but the focus was on the big picture, finance and mine startup. He still holds about 30 million shares.
    We haven’t really discuss wwi since he returned apart from him saying the above.
 
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