Ann: Operating Guidance FY21, page-8

Cheers for the thoughts Loki.
As always, your viewpoint is very even handed.
Whilst the current hedging is particularly poor price wise (but obviously not as bad as RRL), it basically means they are hedged at 35-45%. Could be worse, but.. could be much better, especially if they simply produce more gold.

I agree, the June 2021 Q numbers are nice to look at, and... IF... Big Bell sees no further 'hindrances', then it should be achievable.
That being said, their track record is terrible (but.. not as bad as BLK I suppose).
I was a little surprised by the higher short term AISC. No explanation of course, perhaps there will actually be some answers on Thursdays conference call?

I do also agree that if the capex is now, reducing dramatically, then cash should build from now. I think this current Q must show a cash build, otherwise... just more porkies being provided.

As you say, on paper, WGX is cheap, especially when you compare it to SLRs update today...



Then... WGXs again.



The discount is getting quite large, with SLRs market cap, over 100% higher.

I have probably got to the stage, when I would take a position, if the SP dipped back towards $2.00, but... it may not ever do so, with the world clearly undergoing a 'reflation' with fiat currencies now broadly acknowledged... as being printed to infinity.

I very much agree with you about the dividend, although that would surely have to be based off actual cash generation outside of asset sales etc etc. So late next year should be achievable. Maybe I am spending too much time looking at WGX, but.... I just wonder... could it actually be a T/O target... with the right operators... the sheer amount of gold in the ground must make it.. the last 'decent' mid sizer miner that is not overvalued...
hmmm... dangerous thoughts. Back into my box!