WWI holds gold mine in the Witwatersrand Basin, the world largest gold mine
https://www.mining-technology.com/features/feature-top-ten-biggest-gold-mines-south-africa/
https://www.mining-technology.com/projects/witwatersrand-basin-project-gauteng-south-africa/
Although the board of WWI has been very conservative about the numbers disclosed to the public, it still identified approximately 4.3Moz gold in shallow area and already started mining a few days ago. However, it's now just <80M market cap, much cheaper than many junior lithium stocks who has no guarantee about deposit.
For the effect of gold price, I am sure all junior gold stocks will respond to it if gold price breaks ATH and stabilised above 2000. From 1750 to 2000, the $250/oz increase projects to an extra NET PROFIT of 30M AUD per year for 90000oz production rate. How many tech stocks can achieve this?
Ann: First Ore Produced at Witwatersrand Basin Project, page-268
Add WWI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.99M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $24.99K | 1.938M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 548408 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2854193 | 3 |
View Market Depth
| Last trade - 14.46pm 19/06/2024 (20 minute delay) ? |
| WWI (ASX) Chart |