Yeah looks hugely undervalued at current with AUD gold at $2,700.
With the hedging changes we are now getting $2,000 an ounce for 30k and $2,700 for 45k (once in full production). Assuming AISC of $1,350 that means we should have free cash flow of $19.5m and $61m before deducting other expenses. Once Big Bell is rolling then profits are going to be very impressive.
Debt gone in 3 months. Around $100m in cash and other assets. With the majority of CAPEX done with Big Bell then dividends must be certain. Yet we drop 7% today when other gold shares up strongly?
There is the danger of the mine site closing or having issues if a worker test positive though.
WGX Price at posting:
$1.64 Sentiment: Buy Disclosure: Held
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