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1.6¢ west wits mining limited

Ann: ADU Presentation and Invitation to DFS Webinar, page-66

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Drk1997

889 Posts.

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05/09/21

06:23

Post #: 55839211
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Originally posted by Drk1997: ↑

Initial capex is 32M USD. It seems that part of the reason each announcement is tanking the sp is that it shows itself to be a longer term investment than the company had previously put out/estimated. 53koz/pa for shallows is quite low, but not the main problem, which is actually the extremely slow ramp up to get there. The ramp up to get to a production target of only 53koz/pa (that isn't even impressive at all in itself) is 4 entire years. If year 1 isn't even the supposed early mining initiative then I dont even want to know what that is. Seems good for a long hold, but the hype that was once here just isn't there anymore. The best case scenario for near term gains is a good early initiative accompanied by a substantial run up in gold price. Apart from that, this is going to be a real waiting game and I do hope I am proven wrong.

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Not to mention until that clear cut ann regarding finance from loan comes in (I don't care that the company has stated it has options lined up, until it has happened, it hasn't happened) there will remain the impedning threat of an absolutely destructive CR. If you're looking for near term reward, open up a binance account ; )

Last edited by Drk1997: 05/09/21

WWI Price at posting: 5.7¢ Sentiment: None Disclosure: Held
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Last 1.6¢		Change 0.000(0.00%)		Mkt cap ! $40.68M

Open	High	Low	Value	Volume
1.6¢	1.6¢	1.5¢	$13.89K	869.4K

Buyers (Bids)

No.	Vol.	Price($)
6	2134554	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	2291562	5

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No.	Vol.	Price($)
5	1134554	0.015
11	6025531	0.014
6	2043819	0.013
3	537223	0.012
7	1060851	0.011

Price($)	Vol.	No.
0.017	2291562	5
0.018	521961	3
0.019	447195	1
0.020	610000	2
0.021	1640000	2

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