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1.6¢ west wits mining limited

sorry but how is 288m -> $0.38?we have 1.4b SOI

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apep5638

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05/07/21

08:13

Post #: 54275417
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Originally posted by LJohn: ↑

In terms of a basic buyout scenario it would now be 4.3moz x $100oz = $430m. Divide by 67% = $288m or SP $.38ish.

However, there is no way profit on 4.3moz, 3.8g/t with gold at USD$1800 would be AUD$100. More likely AUD$200 which would give a MC of $576m and SP .76c.

Interesting to see in the upcoming BFS whether WWI decide to stay at 60,000-70,000 oz production per year. If so, that would mean they are going for low capex which would likely mean ASIC of lower than $1000, more like 800/900 which would leave greater profits. Otherwise, if they go for the higher production/higher capex this will be covered by financing.

Hopefully the BFS will also discuss how much more gold is in the ground. Unlikely to ever get to the 12moz+ due to the change in JORC measuring, but they should provide a plan for dredging/pumping out the water in the rest of the mine to enable future exploration.

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sorry but how is 288m -> $0.38?
we have 1.4b SOI

WWI Price at posting: 8.4¢ Sentiment: Hold Disclosure: Held
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Last 1.6¢		Change 0.001(6.67%)		Mkt cap ! $40.66M

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Price($)	Vol.	No.
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Price($)	Vol.	No.
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