The adjacent neighbour Harmony gold did toll treatment for...

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robbo24

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30/07/18

08:31

Post #: 34617578
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Originally posted by Sharetrader78 ↑

From Qtr reports- might be good for many to understand WWI cash position going forward... personal I don't see the need for CR anytime soon ..

On SEPTQ est cash outflows of 3.015mill

- To fully understand the Company’s estimated subsequent quarter cash position, cash inflows from production should also be considered. Consistent with previous quarters, it is reasonable to conclude that the company will derive receipts from customers generated from production. As of the date of this report, on that basis the company expects to generate an estimate of approximately $2.95m of cash inflows from its production activities which would result in an estimated total net cash outflow of only $65,000 for the next quarter. Furthermore, $450,000 of estimated cash outflows relate to expected distributions to WWI’s production JV partner (50:50 split of net earnings) and only payable from surplus cash.

So what one has to understand is the current small-time(lower grade 1.7g/t) toll treatment pays most of the bills of running WWI ..(this last Qtr not so good with production numbers down)

Most likely having the SA projects in operation is also a major positive when it comes to securing the mining license over the whole project... "look here we are doing it right let us expand"

we have 1.2mill in the bank currently and by the end of SEPT 18 Qtr 1.1mill etc..

Is the reason why are SP is 1.8c and market value is 12.9mill ..until we see WWI upgrade projects from current levels(And USD GOLD price) ...but least we aren't burning cash like many pure micro-cap specs at these market values banking small exploration programs hitting the mother lode to save them from yet more dilution.

the Upside is on a major ramp upwards in toll treatment and Grades from underground operations - 4g/t ++
50,000tpm + etc all we need is the mining license over the whole permit then we will see 6,000oz-++ Gold per month along with lower production costs but like the MD I think we will see an offer we can't refuse for the SA assets after we get the License sorted.. too many large hungry GOLD plants nearby not see one pay up .. and you know it's going be multiples of current value

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The adjacent neighbour Harmony gold did toll treatment for Stibanye-Stillwater, along with its own ore, next door to WWI at Doornkop. Here's an info sheet: https://www.harmony.co.za/component/jdownloads/send/130-2017/2559-doornkop

According to Sibanye-Stillwater they have stopped mining the shafts to send to Doornkop so I guess that means Harmony has excess capacity for WWI when the need arises: https://www.sibanyestillwater.com/our-business/southern-africa/gold/cooke/overview

WWI Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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The adjacent neighbour Harmony gold did toll treatment for...

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