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3.70%

1.4¢ west wits mining limited

Ann: Mining Right Granted at Witwatersrand Basin Project, page-144

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apep5638

2,856 Posts.

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20/07/21

13:19

Post #: 54629968
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Originally posted by Catch2200: ↑

@LJohn

DEG is such a different kind of resource and different kind of project that it's not a good comparison at all. You're just going to mislead yourself and others if you're using that as a comparison.

I actually more or less agree with your numbers to be clear - we are only apart on the annual production numbers (me 60k you 80k).

Going with your numbers at 80k oz pa is your $400M x 0.66 for ownership so $264M total. WWI is currently trading around half that figure (market cap around $130M) which is about right for pre-production in my view.

If everything goes right from here it will peak around 20c (ie around your $264M market cap) when it gets into full scale production - less any dilution for a capital raise to fund the project.

The cap raise might make it hard to get to that 0.2, but that will depend on how they finance the project and how much equity is involved.

So overall I think you and I are actually in complete agreement, other than the 60k vs 80k production. Using your 80k then 20c is a good long term stretch target.

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gee, mate.. just admit you don’t know how to value that thing.
in your first post you were multiplying by 20 years of cash flows to get to 320 mil?!, now by a factor of 10 p/e…

WWI Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.4¢		Change 0.001(3.70%)		Mkt cap ! $35.58M

Open	High	Low	Value	Volume
1.4¢	1.5¢	1.4¢	$73.78K	5.270M

Buyers (Bids)

No.	Vol.	Price($)
11	6920916	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	38341	1

View Market Depth

No.	Vol.	Price($)
11	6960916	0.013
4	2265077	0.012
9	1666032	0.011
9	1908999	0.010
9	1478889	0.009

Price($)	Vol.	No.
0.014	320841	3
0.015	1182806	3
0.016	1207165	3
0.017	1309818	7
0.018	892545	3

Last trade - 16.10pm 14/08/2024 (20 minute delay)

WWI (ASX) Chart

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