Just to be clear - still bullish on wwi - yes expectations have...

Just to be clear - still bullish on wwi - yes expectations have reduced significantly in recent years (dilution predominantly) & don’t think many in the board are as enthusiastic as some of us retail, but MQ’s > 40m soi & Wingfield’s #1 holding about 10% soi does give hope.

- Another long term Top 20 investor pointed our Uranium is > 60 which augurs well for Bird Reef Central. Weather they drill it themselves-confirm resource-mine it or do a JV from the start/somewhere along the cycle only time will tell. Either ways should help our metrics if it accounts for any reasonable $ as currently excluded from Ph 1-4 scooping study

- We’re still waiting on getting prospecting rights for south west area of Qala Shallows. Given they already have a jorc 2012 standard resource for it, should help us get closer to that 4.8-5moz total. Most specs out there have half that & are years away from mining.

- MQ did say in the last zoom interview expected time is 2-3 months for IDC to conduct due diligence (& that their interest was based on old DFS so the update should help). Still, would rather expect longer & be surprised if we aren’t through by mid Nov-mid Dec. Of course issue is our cash balance & raise in between, who knows they may line up a high net worth investor for some $ interim.

Absolutely no doubt we see a re rate post funding (even if not immediate as many will look to exit on liquidity, prob happens over a few weeks/months as get to the other side or lassonde curve) be it on ticking boxes & mining with profits to show after initial ramp up or we get taken out once further de risked.

dyor of course, not investment advice & I’ve obviously got holders bias who’s been through the delays & frustrations but won’t be throwing in the towel (specially so close finally seeing it deliver).
I’d imagine companies like Shibanye would’ve done lot more due diligence than an avg joe like myself here before signing a toll treaty with west wits & IDC will be no different.