THE 4 MILLION OUNCE BET, page-10371

Do you know anything about grade loss in operational mines?
And what discount you take off the figures in the DFS?

Are you really that delusional that the figures used, even coming with a disclaimer from WWI that they can not be accurate are what you go off?

Here is from an operational mine just next door



I am sorry, but you are delusional if you think WWI believes those figures. It is impossible. On top of that, the flood risk will further reduce these numbers.
Try to see it critically like investors do, not with an emotional attachment.


This flood risk information came from their own paid consultants. If they see it, how big do you think it must be?
It means you have to dig around areas, miss areas you want to extract, dig longer drives to get to areas unaffected, all of which is dead dirt lowering the grade numbers.


WWI is ULTRA LOW GRADE = It cannot afford to miss, it cannot afford to go around, it cannot afford to dig dead dirt

Surely you can see this is why after 4.5 years the mine sits there without an investor.

If it is not the case and the GP is now 30% higher than the original DFS and the exchange is better, why has it no finance? Just for once try to answer that 1 major question. Why can it not secure finances?