So... if we go from the last few years of WGX guidance, they will hit around 250k again.
AISC up significantly.
This slide from June 2021...
As discussed already, they missed the top of guidance of FY2021 by a mere 55,000 ounces....
Capex is supposed to roll off right, except.. they have stated they plan to invest $80-90m on opportunities... already spent $5m on AME.
Tack that onto their current non-sustaining capex, and suddenly, WGX margins start looking a lot thinner, especially with the hedging.
AIC on the high side, will be $2110 per ounce (that is before any further acquisitions)
The new presentation bangs on about growth through exploration and buying assets, yet.. their exploration spend is low.
Really hard to understand this stock.
(20min delay)