WWI 6.67% 1.4¢ west wits mining limited

WWI growth and potential- road to 12.82 million oz gold resource, page-12

  1. 797 Posts.
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    $430m USD would be my expectation on the current jorc resource ( the USD to AUD conversion gain will be negated by the BEE % hold so make it 430m aud).
    430 is around 5.4x so 23c
    - dilution (for opps conversion/perf rights etc)
    so about .18-20c

    To that we
    + Au exploration upside from existing area & potential prospecting rights that we are awaiting on nearby
    + U resource conversion to 2012 Jorc
    + whatever we get from RIO when they spend $, find something, look to increase their ownership
    + PoG upside
    - dilution to fund the capex depending on debt % they take
    - time spent ramping up annual production & any potential delays

    Hence my personal medium term target of that 24-30c area that I’ll be content with (of course would want more, who doesn’t).
 
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