WGX westgold resources limited.

Ann: December 2023 Quarterly Report, page-33

  1. 12,542 Posts.
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    Hey Joel,

    To quote a favourite movie.. there can be only one ⚔️

    https://hotcopper.com.au/data/attachments/5939/5939833-2bd9f06e7aff2c86dc3213363f1bac67.jpg
    https://hotcopper.com.au/data/attachments/5939/5939837-2fe3c72135bc69321c22195daf985fe8.jpg

    https://hotcopper.com.au/data/attachments/5939/5939847-139101922402c556f2f81bd21e8f758c.jpg
    https://hotcopper.com.au/data/attachments/5939/5939851-35c1c496e69f349c6ae2ca2331a6400c.jpg

    https://hotcopper.com.au/data/attachments/5939/5939859-ca1c735434c030dc9ea37b2bbed1ea8b.jpg

    All that being said, I don't discount WGX looking to Bluebirds south too, for a bulk mining option to bolster the Bluebird plant... MEK seems the most logical choice.

    GBR are 1-2 years away from being permitted.
    OAU even longer, as it just had it's maiden MRE.

    WGX can pick them off at a later date if it needs to.

    As to whether it will be a full acquisition, or something similar to what GMD did with SBM... offering MEK a big pile of WGX shares and just taking their Murchison assets off them, or... a 100% toll treatment deal for say 5 years... lots of possibilities.

    WGX may have had other plans for the region, but in the near term. It just seems logical and a relatively quick option (sort of like MGV, but... MGV was priced at a very high cost per ounce.... $200+). I would be thinking a price close to $40 an ounce, as really, MEKs ounces are not amazing, but... they would be profitable.

    Thoughts...?

    We will see rolleyes.png
    Last edited by speculator101: 06/02/24
 
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