The sell down the last few days is disappointing but I am still...

The sell down the last few days is disappointing but I am still confident WWI will prove themselves. I hope so anyway. I have just been reviewing all the announcements since the last quarterly and if they get Derewo off the ground this thing will fly IMO but who knows these days. Good news these days seems to mean nothing. Anyway, these are some of the points I find interesting:

1) Only six months to go and the performance shares of 46,000 will expire if they don't produce 20,000 ounces of gold. I have no doubt WWI would be eager to fulfil this requirement and if they do, that is $34 Million from gold sales. It can be done in my opinion because it doesn't take much to get an alluvial circuit up and running and if they can secure the Forestry approval by say mid Feb, alluvial operation by mid March that gives them four months to get to 20,000 ounces. Of course this also depends on having completed the Airstrip and roads down to the planned alluvial circuit. The recent Investor Presentation suggested Freeport returned pan concentrates of 6864 g/t. Some of the main points of the presentation are:

• Historic sampling by Freeport returned pan concentrates up to 6,864 g/t
• 3 significant anomalies identified
• Historic aeromag highlighted a 3.5km magnetic bull’s eye which overlays anomalous gold and
copper geochemistry at the primary Wopogi Target
• Alluvial operation to be established

2) Another $1 Million due from Mintails in Feb 13 then further payments of $1 Million in May 13 and Aug 13 and then a final payment of $3 Million depending on Mintails production. I believe WWI has guarantees in place to ensure receipt of funds and I have also been keeping an eye on ASX:MLI to gauge their performance in the quarterlies.

3) WWI still have assets in South Africa - I sense they are eager to sell and I believe they should receive another say $8 - $9 Million for those assets. Recent announcements suggest they are still looking at this.

4) sampling should be nearly finished by now and should be known soon. Extract from presentation:
o Undertake detailed sampling and trenching at Wopogi
o Further exploration geologist added to the team
o Team is currently at site and beginning the initial sampling program

5) WWI is fully funded to see Derewo through to production.

I have been an investor of WWI since mid 2009 and though it has been a frustrating couple of years I really think WWI are nearly there. The gold is certainly there or they would not have had trouble getting the illegals situation sorted and re-gain access which they now have.

The more I think about all this and research it the more excited I get about its potential.