WWI 6.67% 1.6¢ west wits mining limited

Talked with Simon at the company, I like the way you can call...

  1. 10,075 Posts.
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    Talked with Simon at the company, I like the way you can call WWI and to ask questions and actually get answers, that is rarity.
    The reason they are confident they will get a very good deal on toll milling is that the nearby closest company (can't recall the name) is processing at only 50% capacity. Seems to me that a miner with that much spare capacity would have to be looking to acquire a large additional gold resource.
    What may start out as a toll treating arrangement will end up in the company owning the mill wanting to secure 100% of the cash flow
    They are in no rush to seal a finance agreement. They want to get it right and the recent cap raise has bought them time. They are not going to rush into a deal and are confident from initial discussions that they will raise the Capex.
    Clearance of scrub etc around the Qala Shallows has commenced and next week a team will progress site establishment within Qala.
    That will facilitate a firmer estimate of the early mining initiative, currently the projected total is18,000 oz au.
    Progress to production is progressing well imo
 
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Last
1.6¢
Change
0.001(6.67%)
Mkt cap ! $40.66M
Open High Low Value Volume
1.6¢ 1.6¢ 1.6¢ $14.75K 927.0K

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No. Vol. Price($)
6 4167819 1.4¢
 

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Price($) Vol. No.
1.6¢ 694504 4
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Last trade - 12.14pm 19/07/2024 (20 minute delay) ?
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