This is a speculative gold play and is not for every investor.
WWI is an explorer, resource develop and emerging gold producer company. WWI focuses on extracting gold and uranium mineralization from its project leases located within the Witwatersrand Basin, South Africa.
They now have a new project the Derewo Project in Papua, which has shifted the company’s focus and provided it with a foothold in one of the world’s best exploration frontiers.
High-grade alluvial deposit has been confirmed at Derewo by the presence of a gold rush by artisanal miners. As such WWI plans to establish a low cost hydraulic mining operation with the potential to make this a very profitable mining operation.
Investors are currently getting the upside of the Derewo project for free as the cash from the possible sale of the WWI South African assets underpinning the current share price.
Over the last 12 months the share price has been between $0.066 and $0.03, we have seen the price jump 30% and expect to see the price move higher.
Keep in mind that this is a highly speculative share. Do not go to heavy.
But if you like the idea of a punt on the gold price and prospect of a larger find then this is one to look at.
For more information on West Wits Mining Limited (WWI) please contact us on 07 4771 4577.