Ann: Half Yearly Report and Accounts, page-12

Everything you say is 100% correct. WWI have not delivered to date (or more than likely the contractor can take their fair share of the blame). But let's look at things with a glass half full approach. WWI are a small cap miner with a producing operation. They have the opportunity to adjust, improve, optimise to maximise profit. Luckily the recovery issue has been identified while we are feeding 2g/t dirt as this next project has higher grades and would have resulted in more Au loss. There is plenty of gold in the ground. Having a look at the historical resource and there's something like 12.8moz.... Yes a lot of it is deep but it's there. If WWI ever got to the point where they were producing 100kozpa then we would all be 15 bagging (at least) from here.

I do understand your frustration as I am obviously a holder too and the situation in S.A. is less than ideal. I'll take management's word for now and accept that it is the contractor that isn't performing. Good luck. Hopegully wwi can execute because it looks very rosy on paper...