WWI 13.0% 1.3¢ west wits mining limited

The uranium alone is worth revenue of $840,000,000 USD in...

  1. 539 Posts.
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    The uranium alone is worth revenue of $840,000,000 USD in revenue @Adventurer20, good point and i raised this myself couple months ago.

    I updated the table to reflect the 3.48% increase in the gold price to reflect the current market now and the ZAR/USD to AUD conversion.
    The numbers in the Qala Shallows Financial Evaluation is based upon a gold price of $1,850 USD per ounce not the current $1,920 USD per ounce.
    Makes quiet a difference even with the small movements in the gold price.

    Payback years drops 9.75% which is very attractive again in the middle of financial/funding discussions in my professional experience.

    I know the old saying in oil markets is "live by the hedge, die by the hedge".
    However I think in this case, when we are producing gold, I would like to see 25% of the ore mined covered by a hedge book, to ensure we have some nice coverage with the crediting facilities and really strengthen those relationships moving forward.

    Mount Celia
    With the Rio Tinto Farm in agreement, would be good to get clarity on that whether it is going to be a sold asset to Rio, how much WWI would get for that asset.
    The drill results are actually quiet high for silver actually.

    1 Month ago, for USD $45 million Rio Tinto acquired the 57.7% stake in Minera Meridian from Canada's Pan American Silver.
    The asset was a gold and silver play, so could be nice to get clarity on this now the maiden drilling program at Mount Celia is complete.

    The reason i say this is, could get a nice little boost of funds from that potential sale...





    https://hotcopper.com.au/data/attachments/5610/5610840-7f416646ec9e194389df6de4f6f5b3e5.jpg


 
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