WWI – the multi bagger small cap gold producer?, page-84

Hi Kelkent,

The last reference I can find to the maximum throughput of the toll treatment plant is 15,000ktpm from the 28 July 2017 announcement.

I annualise this to 180ktpa.

Let's say WWI managed to actually dig out those 6 g/t grades from the secondary and tertiary pits, then we're looking at about 35,000 ounces per annum from that ((6*180,000)/31.10) = ~35,000 ounces).

If we go with the current stated $800 per ounce cash cost before 50:50 contractor/profit agreements then we're looking at EBITDA of $16.5m per annum ($1750 price of gold minus $800 cash cost divided by 2 multiplied by 35,000 = 16.5m).

Unless my calculations are way off - or I am a head grade that is too high, then it looks pretty lucrative to me. Perhaps this is what the company means what it says a substantial increase in production before end of 2018.