WWI 6.25% 1.5¢ west wits mining limited

@GibbazMar 2021 - Enviro Approval after appeal rejectedJul 2021...

  1. 796 Posts.
    lightbulb Created with Sketch. 318
    @Gibbaz

    Mar 2021 - Enviro Approval after appeal rejected
    Jul 2021 - MR Granted for Gold & Uranium
    Aug 2021 - Qala Shallows DFS
    Dec 2021 - Rio JV for Mt Cecelia
    Aug 2022 - Revised DFS for Qala Shallows
    Oct 2022 - Uranium Drilling Positive
    Nov 2022 - Toll Treaty signed by Shibanye
    Jul 2023 - IDC $16m USD (now in DD)
    Jul 2023 - DFS Updated for Qala Shallows
    Sep 2023 - Water & Power Connection
    Oct 2023 - Wingfield's $10m funding (now in DD)

    In between there have been raises at 6-3-1.8 &1.4c & almost doubling of SOI (how else does a small cap survive the lassonde curve pre revenue) & speculators leave waiting on confirmation of project going ahead (hence the current sp/mcap).

    to say the company/board haven’t made mistakes is wrong (there have been plenty including not raising good $ when sector was hot, EMI failure, consistent delays in getting things done), but it’s wrong to say the project has’t progressed.

    Resource ✅
    Feasibility Studies ✅
    Permits ✅
    Toll Treaty ✅
    Funding (at least half way there).

    During these years, while not all board members have increased holding, it’s good to see MQ has bought > $150k worth with his own $ (excluding any perf shares etc) & our #1 holder in @Skell is putting in $10m USD to get thos project running.

    We’re at the tipping point of getting remainder funding through, get the $ in bank so can start extracting Ore & be profitable shortly. Gold price + Rand exchange rate argur well for us & over the next 12-24 months will also hopefully get some further drilling done on Uranium to convert to 2012 standard resource + increase existing Gold resource to 5moz or so when our prospecting rights come through.

    It’s an illiquid spec stock at < $50m aud. Yes it could easily all go pear shaped & crumble, but could also easily become a mid tier producer. Risk reward as always & each to their own.
 
watchlist Created with Sketch. Add WWI (ASX) to my watchlist
(20min delay)
Last
1.5¢
Change
-0.001(6.25%)
Mkt cap ! $38.12M
Open High Low Value Volume
1.6¢ 1.6¢ 1.5¢ $93.75K 6.252M

Buyers (Bids)

No. Vol. Price($)
5 3978428 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 1024706 3
View Market Depth
Last trade - 15.17pm 18/07/2024 (20 minute delay) ?
WWI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.