WGX westgold resources limited.

Ann: Bluebird Expansion Update, page-19

  1. 35,668 Posts.
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    True , there are faster payback options than bolt ons , to incrementally increase both recoveries and tonnage throughput , from operational , ie just having more spares available , (higher plant availability) to ie gravity circuits , adding extra tankage as you inferred , cyclones for dropping under size into an add on small ball mill ,
    Mind you the above is only incremental to increase margin not so much top line , and not game changing hence BB did go on a bit of a major mining acquisition splurge as well

    GCY outlook seems ok but the share price has gone from around 32 cents to 12.5 cents under the current MD , maybe he took over a poisoned chalice but he did find what was to become the new ore body Never never in february 2022 but never started mining it for what ever reason guessing permitting still a bit strange that they kept mining a low grade pit rather than doing a cut back where the good stuff was .

    but interesting to see if he can turn it around last drill hit was nice but in isolation it means little from a resource perspective apart from potential , as with the deep WGX drill hit at great fingal .
    There is not much chatter between employees at WGX and GCY for what ever reason
    Last edited by plough: 28/05/23
 
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