Westgold delivered a pretty encouraging June quarter with all three mines producing at AISC of less than $1500/oz and the annualised rate of production is 250koz at $1408/oz. The major development seems to be behind them. As Big Bell mine ramps up, we can see the company moving gradually towards 300koz pa and I think AISC will fall to around this current levels. Using this assumption say of 280koz at $1350/oz at the current stock price of $1.90, I think we are talking about EV/AISC adjusted production level of $3500/oz, placing it at the slightly below fair value range for a mid tier miner of this calibre. Most of WGX's peers are trading at slightly higher levels.
I bought more today just to line up for the ramp up.
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$3.13 |
Change
-0.160(4.86%) |
Mkt cap ! $2.951B |
Open | High | Low | Value | Volume |
$3.25 | $3.27 | $3.10 | $19.94M | 6.303M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $3.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.15 | 4563 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 3.130 |
4 | 20649 | 3.120 |
6 | 58485 | 3.110 |
7 | 95561 | 3.100 |
1 | 4563 | 3.090 |
Price($) | Vol. | No. |
---|---|---|
3.150 | 4563 | 1 |
3.160 | 25669 | 3 |
3.170 | 4745 | 2 |
3.180 | 10146 | 3 |
3.190 | 4563 | 1 |
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