WPG 0.00% 1.5¢ wpg resources ltd

Ann: Spectacular Tarcoola Grade Control intersections, page-222

  1. 2,060 Posts.
    lightbulb Created with Sketch. 1393
    maybe worth a punt.
    looks like the annual lows are in, clearly on the way up with smaller market cap than many others.
    No debt is attractive. Positive EBITDA mostly retail shareholders but a producer with a good mill.
    depends on the commodity price & costs staying at 1700 - AISC 1550 = +A$150 per oz

    Highlights
    Gold production 24,567 ounces (WPG’s share 22,676 ounces) - a bit lower than TRY but 40% lower Mcap
    Revenue $37.7 million
    EBITDA1 $0.6 million
    Loss after tax from continuing operations of $4.1 million after non cash depreciation and amortisation charge of $4.7 million - a paper loss for tax benefits only
    WPG is debt-free with cash at bank at 31 December 2016 of $9.7 million.
 
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Currently unlisted public company.

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