timmo...I still believe a fair "across the border" Papua island...

timmo...

I still believe a fair "across the border" Papua island comparison is IDC "Indochine"

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IDC market cap is nudging.... $70 million
WWI market cap is sneaking past... $7 million


Last IDC presso is spruiking 10 g/tonne zones

More than IDC 800 million shares issued

$1.8 million in cash with extra $3 million raised recently

IDC permitting and drilling well ahead of WWI

Similar countryside... just on "the other side" of PNG border

... But production IDC scheduled for second half of 2015

... REPEAT ...

$70 million market cap for IDC

$7 million market cap for WWI


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Here is a link to the last IDC presso.... Sep 2013



http://www.indochinemining.com/investors/presentations


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WWI market cap with similar cash, better historical work, less shares on issue.

LIMITED TRIAL PRODUCTION for WWI... within 3 months.

Can't imagine what BUY/SELL will look like if some bigger money "wants in" on market during the next couple of months. The major shareholders of WWI have a fairly good strangle hold on the issued shares now.

Can't see valid reason for major volume sub 2 cents now... unless the Papua gig is canned.

If we keep seeing WWI boxes being ticked with permitting etc... WWI might quickly make up some ground on the 10 fold market cap of IDC.... with room to move if IDC continues to move ahead of course.

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Concentrators... I have been looking at similar sites in recent weeks timmo.

Have even found a few with genuine "Knelson" machines on some sites... used, but in good condition, for anywhere between $30,000 and $80,000 depending on capacity.

Am sure that with their contacts.... that WWI will be able to find great used gear at the right price... WWI has such a low cost early processing setup... it not funny.

Yes later hard rock will cost more... but if this alluvial proves up those old photos we have been drooling over for so many years... giddyup.

Earth-moving gear already on site... market still not figuring this out yet? This has been a great lesson in patience for me.

I have no idea... but maybe a few figures like the following somewhere in the ballpark...

$75,000 concentrator
$50,000 generator (maybe?)
$25,000 piping and fittings
$25,000 pumps
$25,000 fixings/fasteners/odds and sods
$10,000 fuel
$750000 labour

$300,000 for an alluvial circuit (and I think I am being very very very generous with cash).

Its probably gonna cost about half of this to get started.

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Are the "landing lights" on order yet adjuster... or are you still fishing for cheap shares?!

Won't get too confident... plenty of boxes to tick yet.


bsh