I also have been very dissapointed in WWI share price and the...

I also have been very dissapointed in WWI share price and the fact the company did not go into production by end of 2009 but the way I figure it this company has potentially a very good future.

Firstly, they have a proven resource of gold 59,000 ounces (Emerald Project) which will soon be increased once Monarch Pit and Elder Targets are taken into account. The potential for a further substantial increase in proven near surface gold resource is likely once they drill the unexplored 1km's between the Emerald Project and Monarch Pit.

Then with initial drilling commencing soon on the King and Commander Targets (which they reckon has about 750,000 - 1Million ounces of gold), if those results come back very positive, which they are pretty confident it will, then this company has a very bright future.

I think the agreement with Mintails is a good one too. Mintails has the processing plant which WWI will now outsource all responsibility too, thus allowing WWI to be able to fund and concentrate on further exploration of its own leases. I think the delay on how the ore will be processed was a good idea. Imagine if they were now committed to buying their own plant when Mintails has one nearly ready to go nearby and WWI can outsource all responsibility. And WWI still make 50% of the profit. If they keep finding near surface gold the way they have been doing of late, Mintails Gold 2 plant could find itself processing gold for just West Wits alone. Then one day the possibility of a merger or takeover of Mintails may be considered and we get to own their gold processing plants as well.

I think patience is the key to this stock really. I am 70% down on my original investment but I think I would be mad to get out at this stage of the companies growth potential.

Even though WWI did not go into production end of 2009, I am staying in the stock.