WWI west wits mining limited

Ann: Quarterly Activities and Cash Flow Reports, page-17

  1. 258 Posts.
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    West Wits Mining (WWI) has never stated or published $90 million as a project cost in any ASX release, investor presentation, or formal company communication.


    The $90M figure is a forum invention, reverse-engineered from the statement that the $50M debt facility represents "approximately 55% of development funding requirements."
    Some posters took that percentage literally and inferred the remaining amount by dividing $50M by 0.55, arriving at ~$90M.

    However, this is not how project finance is structured, and WWI never stated this interpretation.

    Please stop this garbage. Enough is enough.

 
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