Ann: Restated JORC Resource of 3.55Moz Au for Mining Right, page-176

It’s on their website. Last one was post EA. Reckon they’l have an update on it this week/next max given MR & Jorc update.

“There are two paths for the company going forward. The first one is to become a long term gold producer with the ability to toll treat or sell ore to a number of third party treatment plants that are hungry for mill feed. The second path may emerge once the owners of these mills realise how profitable the WWI operation is likely to become. The probability is that they would prefer to buy the whole project or make a takeover bid for the company itself. Either way it is likely to be an excellent outcome for WWI shareholde” post EA






this was from last yr
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- this was from last yr. We’ve obv seen recent conversion of options to shares from our # 1 holder & citicorp have added 30m (potentially from the asians that have sold/retail). 42% owned by top 20.

I’l say it for nth time, this will be a TO, only question is weather it happens post DFS or 12-18 months down the track once production starts & there’s upgrade to jorc with more in fill drilling. If sold pre production, expecting 24-30c range, if post production with increased jorc (& reserve eventually) then depending on pog it would be >40c (higher mcap but would’ve gone through more dilutions by then).

lets see how much % of that 3.55moz gets converted to Reserves next month to set baseline valuation incorporating jurisdiction risk etc (of course wwi will be 66% of that).

Lot more than $105m mcap for sure!