You see this is the massive problem underpinning this stock. The only DFS that has been done is on the Qala Shallows - Nothing Else The rest of of it pure speculation and dreams. It is likely given the depths and water table you’ll never get to the deeps and the others are areas are small and will be even more expensive than the current ASIC price of US1100+ for the easiest and most shallow area of the Qala Shallows.
I know you want this to be the thing of dreams, but it isn’t and never will be.
Please learn to read WWI’s own information in detail. There is a reason they cannot and will not get finance. You might also want to have a look at USD to RAND exchange rate that’s been used to underpin the document.
There is no finance coming for this, and yes in 2 or 4 or 6 months, however long they delay the announcement, there will be no finance.
Remembering that even with the small Qala Shallows that has a ASIC of US$1,144 you still will not see any gold for 2 years. So given the current timeframes from WWI, you might have some gold in 2024, if you’re lucky.
The tiny little early mining initiative will not affect the share price as was witnessed with WWI’s historical open cut mining did not.
This is a dud and the sooner you’re out the better for you.
WWI Price at posting:
4.3¢ Sentiment: Sell Disclosure: Not Held
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