Ann: Commencement of Operations at Derewo River, page-19

First 19 Last

Share
Profile

Follow
joseph1652

2,413 Posts.

150

15/10/15

12:14

Post #: 16182173
Share

Originally posted by timmo ↑

got this from top stocks website, very interesting!!!!!!!!!!

FAR EAST CAPITAL LIMITED

WWI - a junior company flying under the radar with
millions of ounces of gold
West Wits Mining (WWI) is a rarely traded, tiny gold
company that is sitting on two potentially very valuable
assets. The most exciting, but also the most elusive to date,
is the Derewo gold project in Papua. Artisans mining over
recent years have recovered an extraordinary amount of
gold from terrace gravels with much of it being sizeable
nuggets. One can draw parallels with the early days of Mt
Kare or Porgera. WWI’s objective has been to commence
mining of the gravels with a view to funding exploration for
the originating orebody. However, land access and the
inability of the local partner to rectify the problem has
been delaying the project for quite a few years. WWI has
taken on a new, more powerful partner that believes it can
overcome the problems. Time will tell, but until positive
cash flow starts the Company is unlikely to say much
about this one.
The other much more tangible project is named the
Soweto Cluster, located on the famous Witwatersrand
goldfields in South Africa. Historical records suggest that
a number of previously mined reefs still hold something
like 13 million ounces (87.9 Mt at 4.6 gpt for 12.82 Moz)
of gold (non-JORC compliant). Most of this is too deep to
worry about with deteriorating underground economics
effectively sterilising the orebodies. However, reviews of
the data suggest that there could be around one million
ounces in the top 200m, and another one million ounces
from 200m to 400m depths. The grade varies but much of
it is around 4.5 gpt. A small amount could be mined in
open pits.
West Wits’s strategy is to spend up to $1m to confirm the
resources and bring them up to JORC standard. That
would open the door to a sale of the gold to nearby
treatment plants, either outright or by joint venture
arrangement. Preliminary spreadsheets analysis suggest
that the NPV of a mining operation could be in the range of
$100-150m. Leaving a profit margin for the purchaser (who
needs the ore to keep its treatment plant operating), we
could speculate that it might be worth $50m in a trade sale
to WWI. That would be a serious win for a company that is
currently capitalised at only $4m. Maybe this is one for
patient value seekers. Have a look at the ASX release that
came out on Friday.

Expand

Good one timmo..does this mean they are all going to AA and no more pizza and no more time for the vegy pach .its started well this morning ,but same one will try to keep it down for a while I think .I did not take up the options ,don't get my mail here in the Philippines but I got lots already .Now we just sit and wait for the ride good luck

Last edited by joseph1652: 15/10/15

WWI Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

RBL

Recce scores $6.75M R&D rebate

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

TYX

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

HUM

Auric sniffs gold up to 12.1g/t through drilling at Spargoville prospects

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

There are more pages in this discussion • 17 more messages in this thread...

First 19 Last

Add WWI (ASX) to my watchlist

(20min delay)
Last 1.2¢		Change -0.002(14.3%)		Mkt cap ! $40.66M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.2¢	$27.33K	2.109M

Buyers (Bids)

No.	Vol.	Price($)
15	4737266	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	674741	2

View Market Depth

No.	Vol.	Price($)
2	151538	0.009
7	3588613	0.008
2	1409048	0.007
2	2142999	0.006
3	1400000	0.005

Price($)	Vol.	No.
0.010	2172152	5
0.011	390000	2
0.012	3000000	2
0.014	1000000	1
0.015	1000000	1

Last trade - 15.43pm 15/11/2024 (20 minute delay)

WWI (ASX) Chart

Ann: Commencement of Operations at Derewo River, page-19

Top Stories

Cyclone signs MOU with Vale for development of Iron Bear play

Recce scores $6.75M R&D rebate

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Auric sniffs gold up to 12.1g/t through drilling at Spargoville prospects

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Buyers (Bids)

Sellers (Offers)