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.
WPG Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
