WWI 13.0% 1.3¢ west wits mining limited

Ours is ~ 1450-1500 converting usd-aud at 1.5 roughOpen pits do...

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    Ours is ~ 1450-1500 converting usd-aud at 1.5 rough
    Open pits do fine with lower grades, ours is only UG.

    don’t know much about Red except for that they own 100% of the project & are in Aus. We own 66% & will always have jurisdiction risk attached.

    i’d still buy wwi at < 50m mcap currently vs red at > 600m mcap for my risk reward though.
    - resource increase
    - funding confirmed (or at least some portion of it)
    - in fill drilling to increase reserves
    - P200 push (or 100-150 whatever they end up with post the studies)
    - Uranium/bird reef central (potential JV?)

    at 2000 pog + usd-rand at > 18, our npv increases significantly so plenty upside ahead (if management are able to tick off most of what’s planned for next 9 months as per Hk presso).
 
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