Ann: DMR Accepts West Wits Mining Rights Application, page-25

Yes, of course, that and Gold price weakness of late..and more so
from last ann.
BI-MONTHLY PRODUCTION Inclement weather during the March-April period resulted in >300mm rain falling which was materially above the annual average rainfall, this was further compounded by a bottle neck at the processing plant which left approximately 4,450t of West Wits’ ore stockpiled at the end of the period. Consequently, ore volumes processed were well below the target range, which resulted in revenues not covering fixed costs for the period. Although the net cashflow did not hit the desired target range, the operation did not require funds from head office to cover working capital requirements. On a positive note, stockpiled ore will provide additional revenues in the current period and the weather pattern has normalised. Consequently, production and processing targets for May are on track to being achieved.


ASX markets don't like micro-caps in far-off countries when some of the details aren't just crystal clear >> But it set up a perfect environment for a 10-20 bagger as we know in 300 days or less we just might well have muti bagger running strong on the back of>

-Upgraded Gold JORC resources 6moz++ etc potential
-Mining license over the whole Westwits project = 100koz pa forward production profile
-Pilbara operations could well add cash flow
-doubled toll production = much higher free cash flows from SEPT18 etc.