Investor Presentaiton
WEST WITS
MINING
GOLD: A GLOBAL CURRENCY
SAFE HAVEN ASSET AT TIME OF HEIGHTENED RISK
Portfolio diversification in a 13-year global equity bull market
Gold price does not have strong relationship with typical supply/demand
fundamentals or cost curve dynamics
In 2021, top 8 gold miners in the world had combined market cap of $153 billion
Expected to trend higher and move well beyond all-time highs
"BofA is bullish on gold in 2023E, forecasting an annual
average price of $2,009/oz. We think there could be a
consolidation period in the coming months before the
yellow metal resumes its ascent to a new all-time
high." Lawson Winder, Bank of America analyst
PRECIOUS METAL WITH ENDURED VALUE
Store of value
Rare & difficult to extract
Malleable diverse use in medical applications and electronics industry
Durable and noncorrosive
Intrinsic value of visual beauty & magnetic appeal
Monetary history & economic indicator
SOCIETAL CONTRIBUTION
Creates job opportunities, supports local businesses, and generates tax revenues for
infrastructure, education, healthcare
Prioritises social welfare and community development
Reserves held by central banks act as source of foreign currency reserves, providing
stability & facilitating international trade
ASX:WWI
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