"Does anyone else see the lunacy of getting into debt to turn a 25yr LoM with low AISC due to hereditary infrastructure (paid for by someone else!!) into a 7-8yr LoM??"
No. Your assumption is based on ramping up production whilst keeping the size of the resource static. WWI has a historical (non-JORC) resource of 12.82Moz. Generate cash flows from the initial 70koz project to then convert the historical gold resource and prove the uranium resource target.
How does WWI profitability/cash flow generation look with:
1. 200kozpa
2. AISC off-set by uranium credits from 1-1.5mlbs/pa
3. Gold and uranium are near historical highs
4. ZAR near historical lows
So why buy other assets when we are sitting on large prospects?
Chairman (Director) on a 6 months Performance Plan/Notice due to an inability to start mining, page-25
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Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $38.12M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $29.77K | 1.978M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1398471 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 2113003 | 3 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| WWI (ASX) Chart |