I've been in WWi since the PNG early days as some of you no...

I've been in WWi since the PNG early days as some of you no doubt have....

Well now they are 'killing it'.
Two fantastic projects, the SA one washes its face currently, $1,3m net cash to them last year.
So there's no trouble there, and once permits are granted for further processing, we will be looking at 80,000 ounces pa.
and circa $11/$14m in free cash flow to WWi.

The Pilbara projects are a gem.
With Novo and others on the hunt and paying good amounts for land, what are WWi's worth?

I'd put a value of a minimum of $10m right now.
The key to WWi' edge over a lot of the other players.....We have 3 granted mining licences over our ground.
Which is highly prospective for Conglom with some very high grades and nuggets confirmed.

This is totally under the radar, but for how long.
It's selling for a pinch of what it should be trading at.

My view is the above two assets are easily worth $30m mk cap now.
And in 18 months time, if SA goes smoothly, $110m based on a lot more free cash flow of what the current mk cap is now.

Current mk cap is what they'll be coining it in.

Novo or others must have WWi on their radars for the pilbara, and over 4m ounces of high grade gold in Wits.
Well this could get interesting. Large miners need to replace reserves.
This is about as cheap as you can get on a stock market.

DC