WMC wiluna mining corporation limited.

Ann: Drilling Update, page-7

  1. 1,996 Posts.
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    In a nutshell @centro11 the problem has been this over the past 4.5 years while mining oxide ore...

    The gold they expected to find wasn't found in the expected quantities where they expected to find it.

    Additionally, a healthy gold hedge of $2674/oz over the past (12) months wasn't high enough to prevent a substantial drop in share price for various reasons.

    There's a possibility things might improve when Stage (1) becomes operational...only time will tell.
    Last edited by GravityWaves: 18/06/21
 
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