WWI 0.00% 0.9¢ west wits mining limited

i bought in recently too promising to ignore

  1. 2,738 Posts.
    I already am a share holder in this indirectly anyway via MLI
    but now I also bought some WWI shares.

    I love the propsects here .. this is not greenfield territory - this is a known gold province and DRD's tenements have been very productive.
    .. and Central Rand Mine - right next door- has a massive close to surface resource, using modern techniques, I cant see why things will be any different here.

    You guys should look at MLI now seriously.. will be a zero cost U3O8 producer starting October 2008 - after gold credits(using gold as the byproduct) with gold at $450/oz - see page 8 of MLI's Feb 5th Update for confirmation.

    In other words with gold at over $900/oz we're talking about big negative costs - it'll cost less than nothing (I know that's hard to fathom) to produce U3O8.

    Maybe minus $40/lb to produce U3O8 - that's an $70 or $80/lb cost benefit/advantage compared to all other companies which may have costs of $30 or $40/lb to produce U3O8.

    Please ..
    Do your own research of course - and i hope this isnt inappropriate - I just thought because of the connection with MLI - it's okay to mention MLI here.

 
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