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1.6¢ west wits mining limited

WWI: on track to a billion dollar valuation, page-83

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raymonddz

1,120 Posts.

51

07/09/21

14:03

Post #: 55892574
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Originally posted by m0ngy: ↑

Talked with Simon at the company, I like the way you can call WWI and to ask questions and actually get answers, that is rarity.
The reason they are confident they will get a very good deal on toll milling is that the nearby closest company (can't recall the name) is processing at only 50% capacity. Seems to me that a miner with that much spare capacity would have to be looking to acquire a large additional gold resource.
What may start out as a toll treating arrangement will end up in the company owning the mill wanting to secure 100% of the cash flow
They are in no rush to seal a finance agreement. They want to get it right and the recent cap raise has bought them time. They are not going to rush into a deal and are confident from initial discussions that they will raise the Capex.
Clearance of scrub etc around the Qala Shallows has commenced and next week a team will progress site establishment within Qala.
That will facilitate a firmer estimate of the early mining initiative, currently the projected total is18,000 oz au.
Progress to production is progressing well imo

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U really get me confused. are u holding shares or not? Based on previous posts, look like u want to ramp the SP down
hahahaha

WWI Price at posting: 5.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
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

View Market Depth

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

Last trade - 14.17pm 28/10/2024 (20 minute delay)

WWI (ASX) Chart