3.55moz still there & 66% still in M&I as Jac keeps reminding in...

3.55moz still there & 66% still in M&I as Jac keeps reminding in his presentations.

Companies are usually ratio of 1:1 NPV (or close) come production which for our phase 1 (of 5) in itself is > $200m aud mcap. That is circa .13 on sp

some companies have 3-4 years (if at all) before they can actually mine. We’l be there in 4 months with first ore out.
lets say another 9-12 months on top before we see decent left overs from margin v pog. So potentially 18 months at max to get to our stage NPV.

while like all holders here I’m dissapointed we didn’t see an inc in sp post MR & the 6c Cr was dissapointing (i’d have been ok if at 7.5c area as more reasonable), if it takes 18 months for sp to get back from 4c now to 13c to recover my loss & be back on a solid profit, I can live with it. While avg down isn’t an ideal scenario, given whats happening with inflation worldwide & PoG on weekly, I’d still consider buying more if I could & avg around 5&6 which is fine near CR price (even for the worst of specs usually get an exit pump but here while sp has gone back, company has progressed from a 15m mcap high risk to one with profits coming through within 12-18 months so am patient to hold (& made decent sum from 2-10 in past so not fussed).

that 200m npv is
1) excluding DFS for 4 other phases (a couple of those have much higher grades well)
2) excluding any increase in resource through more infill (lets see how much of that 12 moz historic they can claw back), potentially end up with 7-8 but only time will tell) or from prospecting the neighbouring area we’ve applied for once approved
3) based on $1750 pog so even a $1920 pog adds another 10% to bottom line/value, let alone when it does swing bacj north of $2050 & we see a mad rush back on sector momentum in share price
4) On uranium 20lb being worth $0

no denying many of us got sucked in higher after doing well with initial trades/investment (i rode it 2-10) & bought into the distribution (5.9 & 9), key is why sell when its in accumulation? When there’s a good chance (can never be 100% sure of course) of sp going back to its ATH sometime mid-late next yr or atleast closer to the 13c mark which is still 200% for those accumulating now.

of course for those that are super confident of other stock/crypto/house giving more roi than wwi (from current 4c sp) in 18 months time should sell & move $$ there.
not sure how 50-100 posts a week on how pathetic wwi is will help then recover their loss.