WWI 6.67% 1.4¢ west wits mining limited

THE 4 MILLION OUNCE BET, page-10323

  1. 1,047 Posts.
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    Ok Hero,

    Start here and discuss each of these for once. Of course, you cannot because you are a whinging Nancy.:
    1. The MR has an existing environmental appeal sitting over it - Massive Risk
    2. The project is 33.7% owned by BEE partners
    3. They have 1 solitary employee with mining experience
    4. Here is the killer that just seems to be missed over and over by those who get stuck looking at resource numbers in the ground. The resource is ultra-marginal and underground. Not only is it underground, but due to water issues, they can only use board and pillar mining techniques.
    5. WWI is 2 g/t and underground - the most marginal mining anywhere on the planet
    6. 2 South African companies have already walked away from the same resource - marginal mines always attract dreamers but always end in heartache for investors
    7. In 4 years the company has not been able to raise a single $ from the investment community to go mining despite having all infrastructure ready and despite record gold numbers
    8. The current chairmen of WWI has been removed from 2 ASX Boards for poor performance - one only last year

 
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