could be an asx limitation as we don’t have an updated DFS on higher pog published but they did mention at 2150 pog the capex reduces to $44m usd
Here’s a recent update from Gregor’s far east capital below to put some perspective on current npv range for those that haven’t seen it previously.
$40.6m mcap at 1.6c. Even at $1850pog or $255m aud NPV (simply substituting usd for 66% ownership).
That’s 10c at current soi at 1x NPV for Qala Shallows alone - Higher on current pog - Higher on current USD-Zar - Higher on resource upgrade - Higher when can increase ozpa - Higher when adding stage 2-3-4 DFS - Higher adding Uranium when they complete stage 3 drilling to annonce resource
- lower on dilution
It’s taken lot longer than anyone anticipated but eventually like with EA, MR, DFS & Toll Treaty, funding will come through as ell. Good to see the board mention they’re expecting IDC due dil to complete this quarter. Hopefully once that’s done, should open/fast track other discussions as will be a huge de risking event.
dyor of course, am a long term holder in red with an obvious bull view on wwi. Management haven’t been great with when they’ve raised $ which has resulted in more dilution than anyone would like, didn’t have the best choice of 3rd party to help with funding & have erred many times along the way. But still managed to get a spec to within $44m usd of becoming a producer with the site ready to go including all permits & utilities etc (& thankfully in good gold price environment).
WWI Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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