They had $3.2 mill cash on hand last QTR.
December QTR showed that net cashflow from operating activities generated $683k.
March QTR is basically finished.... I presume they can generate something similar this QTR.
Your are looking at EV of $14 mill as March QTR.
ASX shells are going for $3mill.... I'm into a few shells.
MR. Market only value the WITWATERSRAND BASIN PROJECT at $11mill
$11mill/3.2mill = $3.44 per a oz.... in ground value.
Explorers and near-term producers in Australia are trading at with in-ground values of +$50 per oz.
3.44/50 = 0.068
The risk discount for WWI is over 93%..... that is good value.
Anyway, I won't be buying anymore..... even with the risk discount/discounted value. I don't want to risk it in SA. The political climate in SA is nuts at the moment.
WWI – the multi bagger small cap gold producer?, page-92
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Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $40.66M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $1.415K | 101.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 383825 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 3598137 | 5 |
View Market Depth
| Last trade - 11.47am 14/11/2024 (20 minute delay) ? |
| WWI (ASX) Chart |
