WWI 7.14% 1.3¢ west wits mining limited

Ann: Sol Plaatje Update, page-16

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  1. 2,042 Posts.
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    Razor, what happened with the illegals causing damage to our equipment Xmas 2015 may end up being a blessing for WWI and its shareholders. Due to the damage they caused, WWI made the decision they will not progress the alluvial project until the illegals are gone completely. Corruption is quickly being eradicated in Indonesia under the current president and this can only be good for WWI and its Derewo project in the future. With the right Indonesian partner who has good relations and contacts with there government, they should be able to achieve all the illegals being removed IMO. I guess we should find out for sure by mid this year hopefully. Just remember also the alluvial project is only one part of Derewo, there is still the source of the alluvial gold they need to explore for and this can still be done whether the illegals are there or not - but exploration for the source will require funding and this is where SA comes into the picture. Also the SA assets are proving its value and should WWI decide to sell, that alone may bring in $20 Million plus, which, just think about it, WWI might return say 50% or more of those funds back to shareholders. Say they returned 10 cents per share to shareholders, that is worth over 1/2 Million dollars to me but on the upside, they will still own the Derewo assets. My hope is that they will remove the illegals from Derewo, WWI will eventually sell its SA assets, return a portion of the proceeds to shareholders and then progress to exploration to find the source of the alluvial gold. They will be cashed up and then have revenue from the alluvial project to progress the exploration side of things to find the ultimate prize, the source of the alluvial gold.
 
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