WWI 14.3% 1.2¢ west wits mining limited

up 100% in 6 weeks, page-13

  1. 347 Posts.
    That's correct from my reading is that if the mining produces 20,000 ounces p/a. at $800 profit - WWI receives half = $8M pa.

    As far as exploration funding goes though I assume that our partner in Indo will stump up their 20% profit for exploration which is $3.2M pa. They also own half (currently) of the exploration side so why would they not? If they don't WWI goes to 80% ownership. Better for WWI so I hope they don't stump up. So maybe minimum $8M for exploration - should get things moving.

    In any case as I have stated before that the first few months mining is very important. The net revenue received will dictate the short term share price and the level of exploration without extra funding that is able to take place.

    Once revenue is stated that's when far more people (institutions) will take notice. The level is dependent on the gold produced. Until then (and still after then because no JORC) still risky for many people.

    We need good results from mining to drive exploration - that's where the big rise in share price will come from.

    Remember - never confuse share price with value.

 
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Mkt cap ! $40.66M
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1.4¢ 1.4¢ 1.2¢ $27.33K 2.109M

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15 4737266 1.2¢
 

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1.4¢ 674741 2
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