WPG 0.00% 1.5¢ wpg resources ltd

Ann: Challenger Mineral Resource estimate-WPG.AX, page-39

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    "Underground mining activities commenced on Thursday last week, and the first gold bar produced under the mine’s new ownership was poured today."

    A preliminary production estimate: 1 gold bar per 6 days, 60 gold bars per year. Assuming 1 gold bar = 438 ounces. That's a rate of 26k ounces per year, 13k attributable to WPG. At a $500 margin, that's $6.5M profit annually.

    Of course no one uses the first week speed of production, and the estimate assumes 7 day operations....
 
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