Hey Wassa, you are absolutely correct, not every ounce will be economic, at least, until even more drilling is done to further firm up the Indicated. That being said, this update is after 500k has been produced after recent years, showing that around Fortnum, they are getting close to 2m ounces past/present, which is a great achievement considering it's the smallest plant.
I think I am probably being too optimistic regarding how many ounces they can mine from the Starlight open pit, but... at those grades, I struggle to see how a very high % of it wont be economic. They likely only need to be able to produce 25k p.a extra to justify the plant upgrade (I mean, look at CMM, they are going to add 2.5mtpa to their Karlawinda plant, for.... a lot more than it will cost WGX, yet the amount of ounces to be added to both projects won't be very different, as grade is king).
The U/G is a different matter, they just keep adding more ounces even after depletion, and Starlight is still open. Anyway, I just am so pleased to see Fortnum having much more long term potential, as it's currently WGX lowest cost plant.
WGX Price at posting:
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