Ann: Quarterly Activities and Cash Flow Reports, page-8

WWI’s January Quarterly Update confirms the pieces are in place for a game-changing re-rate. With 5.025 Moz in resources, finance in advanced stages, and production months, not years, away, here’s why now is the time:

• Final Finance Decision Looms: The DFI and commercial bank are closing in. Syndicated debt should land as early as Q1 2025, unlocking non-dilutive capital.
• Production Starts Q2 2025: Forget 5+ years of waiting. WWI reaches steady-state 70,000 oz/year by 2027 with cashflow to fund expansions.
• PR 10839 Potential: This pending grant could add 500,000 to 1 Moz, pushing the MRE beyond 6 Moz and extending mine life significantly.
• Gold at USD $2,771.73: Prices are smashing past the DFS assumptions (USD $1,850/oz), creating a cashflow engine for shareholders.

What the market isn’t seeing is how fast this is moving. Real volume will flow when the finance approval drops, and 1.6¢ will look like ancient history.

If you’re waiting to see it happen, you’ll likely miss the rerate entirely.