WGX 6.91% $2.83 westgold resources limited.

Ann: September 2023 Quarterly Report, page-18

  1. 11,922 Posts.
    lightbulb Created with Sketch. 6600
    Hi Anton,
    there is... potential, but... in all honesty, WGX has what it needs for their Bluebird plant, BUT.... I do think MEK has the potential to send some of its open pit oxide to the plant. What sort of deal that might look like is hard to tell. GBR is more longer term. Their Iron Bark deposit is looking good, but... still lots of permitting before anything close to mining can commence. There are other options too for WGX, with some smaller players around, but....
    I genuinely think WGX might be able to simply revamp old open pits to provide some extra oxide to increase throughput and recovery rates.

    In the end, WGX has almost total control of the area's infrastructure, this means... they are price setters.

    Much easier for WGX to make deals for toll treating, or just purchasing assets outright than making a T/O, but... could be wrong. rolleyes.png
 
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