WWI 14.3% 1.2¢ west wits mining limited

Ann: Production on track at Sol Plaatje-WWI.AX, page-3

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  1. 2,097 Posts.
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    So the update looks pretty good.

    I did a rough spreadsheet and calculated that, at current gold price (mid 1200's) and grade (2g/t) , we're sitting right on the $US25/tonne level. At higher grades or gold price you start looking at bonus payments kicking in. In a perfect world (say gold price of $1400 and grades of 3g/t) you start looking at high $40's per tonne. That's not where things are now but that's the potential upside.

    So 6000t/ month gives 150K/ month income at current price and grade.
    14-15000t/ month gives 350K month income (or better).

    That's a good baseline- if for some reason they did do a raise later on it should be for expansionary purposes, not just for survival.
 
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