Originally posted by robbo24
I had a chat with Michael and Andrew during the capital raise, happy to get in touch and ask them anything you like.
WWI is such a pariah at the moment, then again it's the fool who becomes the sage. I'm sticking with WWI and have actually been buying some more on the basis that the JORC resource per MCAP is insanely low.
It remains cheaper for big boys to buy this company or its project than it is to prove a resource and make its own applications by a factor of at least ten but perhaps closer to 50!
Agreed
I see no reason why this project isnt worth 50-70 million USD with just the mining right approved
that is a 8-10 multiple on current MC
The basis for this is the following
30,000 ounce per year operation
Margin of $200 USD on AISC
= 6 million cashflow USD per year
30,000 ounces per year is super conservative, imagine it is 60,000?
There is a definite risk related here as we are waiting for permits etc, However I am happy to take on that risk 50% downside for what could be 600% upside?
I also think chances of permits and mining right are easily over 80-90%
i just dont see how the MR will get rejected at this stage. Managment have been doing all that needs to be done to setup for approvals, community obligations, getting experienced managment on board.
