WWI 10x bagger in the making
Quote:
Originally Posted by
cammo
I bought in about Xmas time. Maybe a better bet than ntl. What say you jbmurc
I don't follow NTL so can't really comment but I'd be surprised if it has anywhere the upside...
Without a doubt, my biggest worries with WWI which was holding me back from having a bigger holding (And I sure many others as well)
Andrew Tunks WWI MD was really brilliant filling me in on the finer details making the picture much clearer
#1- was the country risk (Holding NKP had a fair share of SA Govt BS but really more so Zijin / BEE fault)
>> Most comes down to location -which is good as WWI has nil tribal issues up on the high vault ... pure GOLDFields in all directions
WWI did have issues with the last BEE pre A.T> but awhile ago had a much better BEE (also a major S/H) in WWI and unlike the last BEE they had actually funds their share 32% of the SA West wits Gold Projects..this BEE is held around 50/50 one part by a well respected Black business manager ( I think in the banking sector?) and the other 50ish held by a major legal firm in SA
#2-lower grades from monthly toll treatment - 1.7g/t(going from last ann.) sounds like the reef WWI are mining has a lower grade cover and is too much an issue from the angle of the reef to only remove the higher 3g/t reef>> but here the kicking WWI 3.5moz+ has a 2g/t cutoff rating so how much extra gold is there below the 2g/t ?? another 1moz ??
#3-Toll treatment? going forward plan>> Well with three Gold mills all in close trucking distance WWI has many options but the best would be at the Large Sibanye-Stillwater Gold plant that has 300kt per month capicity yet SS is only using just over 100kt per month
of lower grade Gold ore .. so plenty of free plant capacity .....
But like I was thinking(and the WWI MD agrees with me) Once we get the mining license 1H19 we should command a much higher Gold resource as 2007 JORC is brougt upto 2012 standard more infill drilling etc 4-5moz? then If we go too the likes of SS with potential 100,000ton of 3g/t ore per month (say 80koz GOLD) .. they will just turn around and Take us out for 200mill ...
WWI current market value 13mill personal a 10 bagger will do me
10x-20x bagger on assets just need the cash to develop Gold in RAND/AUD record highs
been talking with the CEO during the day via Linkedin ..
. And it still just beggars belief why WWI isn't being priced at substantially higher levels-https://westwitsmining.com/
Sounds like not only will we be getting ML/MR over whole project 5-7months out but a major increase in 2012 JORC Gold resource from the K9A reef starting within next couple of months ... so should see resource heading towards 5moz 3g/t+ (still only halfway to 2003 JORC)
then with RIO looking like they have a major Copper discovery on their hands right next door to one of WWI Pilbara permits that alone could be worth much more than WWI insanely low 8.5mill market value ...
https://wcsecure.weblink.com.au/pdf/WWI/02057509.pdf
https://www.mining-journal.com/coppe...scovery-by-rio
https://thewest.com.au/business/spin...ng-b881030223z
DISC-Certainly Buying more will hopefully be in the top 35 holders by tomorrow
10-20x upside -limited downside IMHO
Gold Breaking record highs in ZAR and AUD and we have little old WWI with a EV resource oz of less than $2 .... NST purchased the alaskan POGO project @ $85oz
All is on track for WWI to recieve Mining License and Mining Right over the whole 3g/t -2012 JORC 3.6moz+ (10moz+ 03 JORC) within the next 3-4 months
Historically WWI area has produced 41moz gold @ 5g/t (here in NZ we see OGC produce @ 1.3g/t in otago)
we have tax loss selling keeping the lid on the SP and the ongoing FEAR of South African politics keeping market interest next to nil
Now @ 5.5mill market value I see limited downside as even shell ASX companies can command 3mill marketcap .. WWI do have some promising Pilbara projects one close to new RIO operations
I wouldn't recommend going large into WWI as SA risks are always high ,,, but when you compare to peers and look through the finer details of ownership you have the biggest Gold producer Sibanye-Stillwater(Up 54% YOY) in SA has connections to WWI through DRD Gold (WWI largest holder)
you have WWI doing the work to keep the DMR on side to reward the company with ML/MR the legal rep WWI have employed has a very good record at getting ML/MR (its 100% last few years)
Many issues in SA is around black ownership (BEE) ... 26% was the rule but talk of a rise to 30% hurt the sector WWI already has a supportive BEE with 33.4% holding in the Project (so a great project for the SA DMR to promote to successive operations)
For sure WWI will have to raise more capital and I see this being yet another pressure on the price as a cash holding of est $400k must be mostly going to be used up pre ML/MR ... so I don't see much work on expanding the 03 JORC resources to 12 JORC or Pilbara work till WWI has MR/ML and can secure capital at much better rates
recent presentation .... more info here
https://westwitsmining.com/wp-conten...June-2019_.pdf
Disc JBMurc holding WWI av. 1.8c (planning to buy more before the months out)