I was looking at the last Quarterly and I must say that when it comes to WD I find their reporting quite confusing.
They say they produced 135 oz of gold for a total revenue of $548k. If you divide 548k by 135 you get 4059, so I guess that figure is inclusive of copper sales, not just gold?
If so, if they produce 350oz this quarter with an average price of $4100/oz, that is $1.35m. Cost of $800k, that would leave us with $635k profit, with a potential annual profit of $2.5m. Would my assumption be correct?
Ann: New Yandan Geology Model Defines Compelling Targets, page-13
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