Thanks Timmo, yeah I set a conservative figure of $600 per ounce cost but it would be much lower. $200 to $300 would be more realistic which means about $1000 net or $500 net per ounce to WWI. 20,000 ounces per year is possible and if you do the sums that is worth $10 million to WWI per annum.
Ausheds - The 30% deal with the Artisan miners is not coming out of WWI share of the takings. WWI does not own 100% of the alluvial operation, only 50% is owned by WWI. I havent read much into past announcements on this so you should probably look at their website. www.westwitsmining.com.au
up 100% in 6 weeks, page-12
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