WWI 6.67% 1.6¢ west wits mining limited

Ann: WBP's Global MRE Expands 724,000oz to 4.28Moz at 4.58g/t Au, page-192

  1. 2,839 Posts.
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    It is affected by POG, trace the chart for gold and WWI it is obvious.

    One very good example, November 2020, we are at 10-10.5c on gold reaching 1970. Then when the first Covid-19 vaccine was announced, day after, gold went down significantly and of course we went down as well by 50%. And this is due to the impact of vaccine to pog. And when it recovered we went up as well.
    Of course pog is not the only measure, as we all know but saying we don't get impacted by pog, I just don't agree with that at all. We are a goldy, our product is gold, our metrics is based in gold price (npv and all), our declared resource is based in gold price.
    For example if gold hits 2k amd 2.5k, our resource also expands significantly. We have the gold there, the question is how economically mineable are those and this depends on gold price.

    Again there are other factors that impacts our sp same as with other goldies but POG is one of the main driving factor.

    And yes I agree. We need to prove we are able to deliver on key developments, so hopefully we get the early mining initiative targets hit, debt financing sorted and DFS for the stage 2 and 3 done and with good results.

    Hopefully we get an update next week
 
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