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?
WWI holds gold mine in the Witwatersrand Basin, the world...
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Last
1.4¢ |
Change
0.001(3.85%) |
Mkt cap ! $34.26M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.3¢ | $60.78K | 4.576M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 9632093 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 3861664 | 5 |
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| Last trade - 15.47pm 07/06/2024 (20 minute delay) ? |
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Last
1.4¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.4¢ | 1.4¢ | 1213642 | ||
| Last updated 12.27pm 07/06/2024 ? | |||||
| WWI (ASX) Chart |