Whether the delays are IDC, com bank or WWI providing info for due diligence to either, the longer it goes, the better for WWI as gold marches forward and inflation and costs lower.
MQ only concerned with the profit on that first gold bar, even if he needs another cap raise for 2 million before he pulls the trigger, an extra $200 an ounce in the deal/hedge is paid back in the first 10,000 ounces mined. If gold does something stupid to the upside, so do those numbers.
Anorher way to look at it, GT seldom posts. but when he does it is regarding the non debt portion of the finance and its dilutionary effect on 3b shares, wherever you sit on the maths of the project, the BEST upside hedge is the BEST chance for this to 20x if gold does something silly on the upside.
My point is if there are more delays 98% of shareholders will be glum and I will be fist pumping...... and I may be wrong and MQ may be wrong, but I think MQ is betting on gold doing something crazy in the next 6 months and the comment he made in a webinar 5 years ago may come to fruition...
"one day I'm going to make you guys a lot of money"
WWI Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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