I believe this was answered before by Jac, others could correct me on my recollection.
1. Finance - to have low initial capex to raise. As the hope is, get one project going and get to self fund the otgers through revenue of the first project
2. We didn't get the 5 open pits as we have hoped initially, that could have made number 1 a lot better as the open pits would have been easier to go through to get that initial revenue
3. Geology - i believe our geology doesn't fit getting massive 200-300koz production.
4. Our Scoping and DFS requires a lot of further drilling, both in fill and drilling at depths and tgese requires significant funding to get running. Sadly the delays of MR and losing 5 open pits didn't help. So hopefully with revenues from the early mining initiative amd initial ores from qala shallows could provide funding for this
5. Relating to 4, have you guys nitice the declared resource of the main reef, it is small. Reason for this is lack of drilling and study. So hoping we can get again the funds to get this up.
6. Qala deep is almost unexplored. We need to get into the shallows, then drill to explore the deeps further.
We only drill up to depths of 300m.
7. Reason why we only raised tiny bits, each time and mgt pushing to the limits till last drop. Mgt wants to self fund as much as possible.
The
The developments in the next 6-12months would be telling in terms of what we would look like for the next 5 years
I
I am setting myself up for this. Yes it will not be a short term play.
With the risk reward ratio, I am willing to wait.
That's just me. I understand others can't wait, due to bitcoin hype, a lot are looking at get rich quick, can't blame them. Even I would want that. But to each their own.
I'm sticking with WWI as the story and fundamentals still is great (for my own investment profile)
Others
Others might have negative views but, even the ones with the most pessimistic negative sentiment non holder has a target entry price. Just shows WWI has got something going. Just depends now on your timeline.
Dyor, my own humble opinion
WWI Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
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