Thought its pretty amazing news, yet no reaction sp wise
Lets look at the maths
15,000 ton of ore /mth @ >2gpt is approx. 964 oz/mth
964 x $1625 = $1,566,500 in gold /mth
WWI share at worst case, absolute worst case will be 0.5gpt or 1/4 of outputs
So 1/4 of 1,566,500= $391625 free cash/profit per mth
391k x 12= *$4.7 million free cash flow/profit p.a
All this for company with 1.3mill oz jorc resource, a MC of $8.2 mill
PLUS
Elephant country in Indo
No Debt
Still believe this company WWI is about to start to deliver in spades
WWI Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
