WWI 6.67% 1.6¢ west wits mining limited

Chairman (Director) on a 6 months Performance Plan/Notice due to an inability to start mining, page-982

  1. 4,796 Posts.
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    My real question that i would like to know is
    1 the mine has a 25 year mining life ok
    SO why do they need so much money to start mining They can get $10 mil plus ,That will get the operation going ,without going back to research all the cost ,that should cover all the expenses for that year and the next ,when financers see the company making money ,that will all want a piece of the pie .
    Would that make sense ,OR IS IT MORE EASY TO SIT ON THEIR HANDS AND DO NOTHING .JUST THINKING
 
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