WWI 6.67% 1.6¢ west wits mining limited

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

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  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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1.6¢
Change
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Mkt cap ! $40.66M
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1.6¢ 1.6¢ 1.4¢ $30.50K 2.044M

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No. Vol. Price($)
2 256780 1.5¢
 

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Price($) Vol. No.
1.6¢ 879999 4
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