Ann: WWI Secures Credit Approval for ZAR 902M (US$50M) Facility, page-66

Yesterday was All Time, but it’s just the beginning.

Just want to bring up a possible arbitrage opportunity for everyone. Of course DYOR TINFA

Last night I was thinking of fair MCap for WWI today before a shovel has been lifted and I read this article.

https://aheadoftheherd.com/getchell-gold-a-case-study-of-gold-in-the-ground-richard-mills/



This article was written in 2023 before the Gold bull, since then the GP has gone up $1000 or 40% so IMO these numbers would be conservative.

I’ll use 924kOz (Qala DFS) vs the 5mOz’s but to be more pragmatic as the Snr Debt Facility is for Qala.

That means that:

$69 x 924,000 = $63,756,000 USD
$63.756 / 0.62 = $102.83m AUD
$102,830,000 / 2,538,000,000 = $0.04 ps

WWI went on the radar yesterday and while the analysts are scrambling to catch up, what IDK is what ‘in the ground value’ the institutions place on a Gold Miner with $50 USD Debt facility, a couple of months from production, with Gold touching on $3k and Gold producers having increasing profit margins.

Of course DYOR!

I’m turning into a buyer again