Actually the production (processed ore) would have been less than 5000tpm. 14,000t over 3-4 months. This shows that if the contractor steps up their game (9,000t in December would indicate they're on the right path) there will be some real money to be made! I've put together a rough forecast showing what the cashflow and production profile might look like. Obviously we can only go off the information at hand. I think the next couple of months will be big for the WWI story. Hard to gauge the profitability of the project in these early stages due to start up costs, teething problems etc. Looking forward to the project reaching a steady state and seeing what kind of $$$ roll in.
Comments on numbers below? Quarterly should be out soon. Reckon they're finalising December payment before report released. Red numbers are as reported actuals and black is forecast with some assumptions around ramp up etc.
WWI Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
