They have only committed to about 18 months worth of mining. The rest of the resource may not be economical but looks like they are likely to expand the reserves and mine more than originally forecast. Not guaranteed to get $25 per tonne if grade is low or costs high etc. If the monthly revenue ends up being more than 300k per month things will start to move. Speccy stock (like AGO a couple months back )but looks good to me and could be a real winner if they get Indo going. Should get update on Indo in quarterly which must be due next week.
WWI Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
)but looks good to me and could be a real winner if they get Indo going. Should get update on Indo in quarterly which must be due next week.
