WWI 6.25% 1.5¢ west wits mining limited

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  1. 542 Posts.
    lightbulb Created with Sketch. 419
    For some comparison of Value etc.

    Research Red 5 limited ( ASX: RED )
    Look at their production, head grade, and AISC, debt and shares outstanding when they reported 60,000 ounces of gold in August 2022.
    They were trading at $0.30 cents then with gold at $1,700 an ounce.
    Open pit mine and 1.48g/t average, just belt feeding dirt in and alluvial mining as best they can.

    West Mitts Mining: (ASX: WWI )
    We are sitting of average of 4.5g/t
    First year production of 60,000 ounces as well
    1 billion less share on offering
    Will have way less debt
    Have a production scope stage 2 of "up to" 200,000 ounces per annum
    AISC cost is $1,000 an ounce as opposed to the RED 5 company mentioned above who is at $A1,750-$A1,950

    Anyway,
    Food for thought @Oldgoldminer1
    Last edited by Invest23: 17/04/23
 
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