Was only a matter of time before the market awoke to the potential of WWI
They could end up having close to 5Mozs once drilling is finished. You are talking 83 years mine life at 60kozs p.a
It isn't low grade either. 3.4g/t Au will be cheap to mine in South Africa.
Assume gold at $1700 and production costs in SA of $800 per oz.
Give them US$54M free cash per year for 83 years. That is just under US$5B of free cash over the project life.
Obviously they would ramp up to higher production targets but awaiting mining license and with already 3.6Mozs this should be $50M or more
THE 3 MILLION OUNCE BET, page-1482
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