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7.14%

1.5¢ west wits mining limited

OGM doesn't understand the financing.WWI Require US$54M (US$44M...

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highrola

506 Posts.

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15/08/24

15:06

Post #: 75222839
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Originally posted by Oldgoldminer1: ↑

The IDC and the Commercial Bank in SA are not putting the money upfront. That is critical.

It leaves the remaining amount to be sourced via equity.

Look people here think in basic straight lines, but the AISC and the development costs quoted would have skyrocketed since, so that amount could be anything from $40-$75M AUD. All in equity.

That will absolutely blow the ass out of SOI plus you have the IDC loan terms + the streaming from the commercial lender.

Come on, you’re not silly. Even with a miracle run getting all the finance, the SP will not for at least 4-5 years clear 2c range. Just do the figures.

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OGM doesn't understand the financing.

WWI Require US$54M (US$44M if gold is at $2200) as per the DFS

So, let's work with US$44M. Finance will cover 50% to 60% of the funds required. Let's work with 50% to be conservative, so that leaves only US$22M left. MQ wants to minimize share holder dilution after all he has 40M shares himself and was talking about a bridging loan.

You have no idea what's going on.

what if, what if, what if, what if. you have no creditability at all.
WWI Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.5¢		Change 0.001(7.14%)		Mkt cap ! $38.14M

Open	High	Low	Value	Volume
1.5¢	1.6¢	1.4¢	$42.63K	2.851M

Buyers (Bids)

No.	Vol.	Price($)
1	166665	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	580882	6

View Market Depth

No.	Vol.	Price($)
1	166665	0.015
11	5614488	0.014
5	1424856	0.013
5	2537223	0.012
6	259033	0.011

Price($)	Vol.	No.
0.016	580882	6
0.017	3332861	5
0.018	3062560	7
0.020	1760000	3
0.022	100000	1

Last trade - 16.10pm 18/10/2024 (20 minute delay)

WWI (ASX) Chart