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.
Ann: Becoming a substantial holder, page-4
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.50 |
Change
0.010(0.40%) |
Mkt cap ! $2.357B | |||
| Open | High | Low | Value | Volume |
| $2.47 | $2.53 | $2.44 | $9.956M | 3.999M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10207 | $2.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.51 | 7047 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| WGX (ASX) Chart |