Agree Joel, though of course, if the news had been bad, I do hope WB would do nothing different. Great result of course, Cash position is building nicely now, even if the 2nd half is likely to see a lot more non-sustaining capex for Great Fingall and Big Bell deeps. I wonder if they will be able to pull off ever single FY24 quarter with some sort of cash build, that... would be truly impressive.
They basically made $400 AUD per ounce or, an AIC or $2488 AUD, which, while high, is... fine when unhedged. Of course, AIC is only really useful over a whole year, as non-sustaining capex is so bumpy. They likely spent $6m on Fender ($95 an ounce for the quarter), and the many other things of focus (new hybrid jumbos, new power plants etc etc).
Dividend is definitely not far away. Cheers to the whole WGX team.
WGX Price at posting:
$1.61 Sentiment: Hold Disclosure: Held
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