Sure... 107% growth is impressive, but.... in under 2 years they have increased it by more than 500% after dilution!
Great result and truly the Bluebird complex is going to continue to expand. I see no reason why 1m ounces in reserves won't be achieved within the next 2 years, giving the Bluebird mill a 10+ LOM base load of U/G ore at 2.5g/t.
WB sums it all up nicely in these sentences.
Clearly WGX are working incredibly hard to ensure Bluebird U/G performs as it needs to, to reduce costs and enhance profitability.
Love this new graphic. Bluebird has a hell of a lot of ounces, and open almost everywhere. Could this whole complex double again with drilling?
The ideal bulk underground mine to fit the Bluebird plant.
They are not stopping either, they are going to expand their drilling footprint (on top of infill/extensional drilling) and the plant upgrade/expansion is clearly going to happen, as above, they already have enough ore (15mt+ of MRE, with 50% converted to reserves to date, I am very confident that due the thickness of the ore body, they can just keep growing and converting what they have).
Could Romsey and the other targets mentioned, mirror the current Bluebird/South Junction system?
Looking forward to seeing more on the greater Bluebird trend exploration.
Now... just need Beta Hunt to boost the MRE/Reserves and surely.. the market cannot ignore WGX for long?
WGX Price at posting:
$2.81 Sentiment: Hold Disclosure: Held
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