WMC 0.00% 20.5¢ wiluna mining corporation limited.

Gold Turnaround Story of 2018, page-275

  1. 5,722 Posts.
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    Hi @mikesz

    Here's a snippet of the resources they've added recently through exploration:

    blk res gro.jpg

    Also, in relation to the debt they have stated that:

    - the Orion debt will be fully repaid by end of 2018 from profits

    - the Company will be net-cash (more cash at bank then debt) by end of 2018

    So at end of 2018 they will only have the MACA debt to repay ($14m only) for which repayments should start from March 2019, but start date is negotiable depending on when the Orion debt is repaid.

    On top of that the Company will keep increasing its Resources by continuous drilling from now until then.

    Cheers,

    GB.




    blk debt.jpg
 
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