The factored cost of debt in these models is 0, that's zero, so unless WWI has a rich uncle we don't know about (maybe that's why WWI is in London) the numbers are misleading.
Plus they are chasing $54m regardless of GP, which is a good thing, but also misleading, unless that has changed.
I like the fact that they have raised the syndicated debt to +55%, that appears more definitive and the debt is almost complete and I like this slide below, after they get Qala into production because a sniff of an increase in production with a minimal increase in capex will be good for shareholders.
But this is only after Finance and Production starts on Qala.
Let's get it going MQ
WWI Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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