I took the quarterly to be quite positive. The company seems to be working patiently with the local authorities to commence mining in a positive and constructive manner. It is slow but it is progressing. I think that in this case it would be destructive to try and rush and be arrogant being a foreign company.
The equipment is ready to go with company people on the ground and the local authorities have reaffirmed in writing their desire to have WWI commence mining.
I am not convinced that it will be very soon still - will believe it when I see it. Financially we still have a decent amount of time before the money runs out.
Once it starts it should ramp up pretty quickly - more small mines and exploration. I feel that they are doing the right things to have the locals on side for when this starts to happen.
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Price($) | Vol. | No. |
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0.011 | 390000 | 2 |
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0.014 | 1000000 | 1 |
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