Season Greetings from Jaq, page-23

Something is going fantastic for WWI, especially today. I am planning on buying when it opens.

What is it? The price of gold. WWI delays in getting into production is huge irritant. BUT with gold at $1867 up $20 on the day this is like finding a new higher grade ore body. Gold is up $200 in 2 months. It is acting totally different, which is just being noticed to the non-gold crowd in last two days. It has done a massive Cup and Handle Breakout.

The POG can solve every problem WWI has. $200 X 4 million OZ = $800usd million more value in ground. WWI is $30 million Aud mkt cap, roughly $20 million usd, so in last two months the value of their ore bodies has gone up 40 times more than mkt cap. But that can get better, why not $2067 gold in 2 more months? Then $1.6 billion usd extra revenue and profits in future. But it gets better than that. Everything gets better, they can finance easy with $2067 gold, their future profits go up faster than revenue. If ASIC is bad, say $1400 instead of $467 margin it would be $867 margin per OZ. So annual profit of $47 usd million on $20 million stock, if the ASIC goes bad. But at $2067 gold production will not be 55,000oz a year, it will be very easy to finance say twice, 110,000 OZ, so $94 million profit per year on $20 million company.

Just some thoughts, cheers