It sounds like the company is finalising all their funding including the cornerstone investor before starting operations:
"The Company continues making positive progress for finalising funding to commence operations at its Qala Shallows gold project".
However, they are targeting the start of operations in H1 2025 so it's all likely to commence within 2 months. Once all the uncertainty is resolved then the handbrake is off and the re-rate can start. With current gold prices and the tick of approval from major banks and funds it's hard to see this project not being highly profitable. I'm going to top up and expect we'll get a good share price jump on announcement of cornerstone investor and project commencement.
Lot of upside obviously with resource upgrades, production eventually targeting 200k, uranium, potential takeover etc. I'm a believer in the gold bull progressing so hopefully this hits mania levels at some stage.
WWI Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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