WWI 6.67% 1.4¢ west wits mining limited

THE 4 MILLION OUNCE BET, page-10325

  1. 1,047 Posts.
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    You continue to throw up stupid comparisons
    I cannot help it if you cannot understand the difference between mines that have their processing capability or are part of a company that has those capabilities that allow them to offset costs.
    The 2 Australian examples in your earlier post could not have been more stupid, 1 gets massive offset from copper and the other is the lowest cost gold miner in the southern hemisphere.

    What you miss about WWI is that it is ultra-low grade, it is a stand-alone mine for the company, it will not process any of the ore on site, or in its own mill, and it takes 4 years to get up to full production and payback. Surely you can see why it cannot attract any money and the share price sits at 1c

    Yes, there are much deeper, but their grades smash WWI and their AISC is comparable so it is a no brainer

    https://hotcopper.com.au/data/attachments/6302/6302295-455aec1baca148880979c36dce01fc5f.jpg
    400% better grades

    If WWI was so good, please explain why it cannot raise such a small amount of money when it already sits on ore ready to go mining tomorrow?????
 
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