WPG wpg resources ltd
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KCN Challenger

  1. meric
    1,591 Posts.
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    28/01/16
    16:21
    Post #: 16887291
    From http://hotcopper.com.au/threads/ann-quarterly-activities-report.2683861/

    10,000 ounces from Challenger in one quarter, at $200 USD an ounce profit (using cash cost since no more investment made to replace ounces).

    That's more than WPG will be paying.

    Paying one quarter's cash profit for Challenger seems like a good price. Love that new productive pit we'll be getting our hands on.

    I wonder if we get to keep any of the employees. That would make it real smooth.
    WPG Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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