Yes, I think if WWI was IPOed today just on the Pilbara projects with the developments we have seen from RIO to date we surely would command similar Market cap.
So IMHO the westwits project is being valued at next to nothing 90%+ risked value
Yet in the PM with Michael and talking with Tunks .. they are very confident we will secure the ML-MR around Mid-year over the whole SA project
As we know the biggest hindrance to WWI currently is not enough cash on hand ... and they like us know the upside once we get the ML/MR and see solid numbers from the Toll production we will be able to raise at much higher levels rather than mass diluting at these stupid low levels(and capping issues as many broker clients just want to make short term profit)
but means in the short term we see WWI limited to drive the likes of the K9 reef into 2012 JORC code which will add significantly gold resource which sounds like they hope to start the work within the next 1-2month..
And the Pilbara projects ... how good would it be to be explorer next door to maybe RIO's next major Copper play ??
and the market attention we would get ... we have all the ingredients just need ML's and Cash on hand to drive productions and exploration which is only a matter of time
as it sounds like we do have broker interest but not worth the costs at these low SP levels
