WWI 0.00% 1.4¢ west wits mining limited

AgreedI see no reason why this project isnt worth 50-70 million...

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  1. 424 Posts.
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    Agreed

    I see no reason why this project isnt worth 50-70 million USD with just the mining right approved

    that is a 8-10 multiple on current MC

    The basis for this is the following

    30,000 ounce per year operation

    Margin of $200 USD on AISC

    = 6 million cashflow USD per year

    30,000 ounces per year is super conservative, imagine it is 60,000? 

    There is a definite risk related here as we are waiting for permits etc, However I am happy to take on that risk 50% downside for what could be 600% upside?

    I also think chances of permits and mining right are easily over 80-90%


 
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