yeah, will get to 12c eventually but could be a couple years or so, prob when close to their 20/30k ozpa.
for now agree with a couple others over the next 12 months about it getting to around 8 with multiple retraces along the way (pushing 10-10.5 if p200 or p180 becomes high potential post their updated studies vs more an aspiration for now/uranium converts to 2012 jorc standard/good hits at mt cecelia/prospect rights granted for neighbour area upping it to > 5moz/combo of these).
experience last 2 yrs has taught me to be more skeptical/cautious of future projections, hence the 8-10c target, but getting $75m equity facility for a $55m mcap company is a significant boost of confidence. As Jac-MQ have mentioned, they get a toll treaty with one of the 3 majors next door & it’ll be a solid pathway to securing debt funding (expecting around $50m usd) & unless gold falls below 1500 (for an extended period), west wits will be one of the select few small caps on asx that will be cashflow positive (which will hopefully be sought after as more investors flock to safe(r) heavens.
while am not a massive fan of broker targets & it’s the market that eventually decides fate, 8-10 is right in between their 6-12 expectations. $200-250m mcap for a company with $75m equity avail & potentially $50m debt available with 4.5-5moz gold at 3g/t & hopefully 15m lb uranium doesn’t seem overvalued (imho at least).
still way to go, there’l be plenty of resistance around 5c area & then around 7.5c area so lets see. Got to get to $100m mcap 1st.
WWI Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
(20min delay)