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%
WWI Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
