Geez I must be blind. OK I'll pay better than 85%. And your spreadsheet looks reasonable.
I'd love to know what the contractor costs are exactly (presumably in ZAR) but I'm working on the basis that if gold holds US$1200 / AUS$1600 / ZAR$16000 things should be ok. I still suspect that WWI are in a way a bit unlucky and the grades are just below the sweet spot where they get the full payment.
Still if they go cash positive next quarter (and they should be able to stay there) that's not to be sneezed at. And I agree that they seem woefully underpriced just based on the SA resource even if they weren't mining.
WWI Price at posting:
2.5¢ Sentiment: None Disclosure: Held
