WWI 7.69% 1.4¢ west wits mining limited

Ann: Recommencement of Sol Plaatje Project Underway, page-3

  1. 727 Posts.
    lightbulb Created with Sketch. 3
    Thought its pretty amazing news, yet no reaction sp wise

    Lets look at the maths
    15,000 ton of ore /mth @ >2gpt is approx. 964 oz/mth
    964 x $1625 = $1,566,500 in gold /mth
    WWI share at worst case, absolute worst case will be 0.5gpt or 1/4 of outputs
    So 1/4 of 1,566,500= $391625 free cash/profit per mth
    391k x 12= *$4.7 million free cash flow/profit p.a

    All this for company with 1.3mill oz jorc resource, a MC of $8.2 mill
    PLUS
    Elephant country in Indo
    No Debt

    Still believe this company WWI is about to start to deliver in spades
 
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