West Wits - Update (Oct 26)

West Wits issued an update on its operation.

Feels like it is on track re developing the mine.

Its production schedule: 10-15K oz in 2027, 42500 oz in 2028, and 70000 oz in 2029.

An important signal is the banks allowed WWI to draw down the second tranche of its loan.

For the same MV, WWI is attractive relative to many other gold company in Australia. It is valued like an explorer when it is steadfastly becoming a gold producer.