WGX westgold resources limited.

$1 billion party, page-5

  1. 1,569 Posts.
    lightbulb Created with Sketch. 229
    Partytime indeed CommanderC

    Still a bargin till it reachs $3.00 and a takeover target.

    Cheap relative to its peers when it hits $3,00. Big Bell the last piece of the puzzle.
    Nice to have an update, probably have to wait for this quarterly report, but the big picture seems to be bigger than 1st thought, key word is strike length = horiziontal ore body, which means cheaper mining in the longer term, which could be the goose that laid the Golden Egg.

    "At Big Bell, ore stoping from the newly defined (and additional) southern ore position continued but with
    production taking a second priority to the final refurbishment and rehabilitation tasks to re-establish caving
    operations. In the final tricky parts, some delays were caused by deteriorating conditions approaching the old
    completed cave zone where specialist dynamic support is required.
    Drilling and evaluation works have shown that the strike length of the ore system appears greater than first
    anticipated meaning that tonnes-per-vertical-metres and ounces-per-vertical-metre are likely to be larger
    than originally contemplated.
    Whilst in most circumstances this is highly positive, in this situation it may
    result in a slower ramp-up of full scale caving as additional strike development and geotechnical modelling
    is required to fully understand the impact on the cave and ground stress redistribution. Westgold will be in a
    position to update on this in the ensuing periods. The potential impact is overall positive however it has the
    potential to incrementally slow the ramp up to full production. The fiscal impact is anticipated to be positive
    and result in lower operating cost per ounce despite the development delay."

 
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(20min delay)
Last
$2.85
Change
-0.070(2.40%)
Mkt cap ! $2.687B
Open High Low Value Volume
$2.92 $2.96 $2.85 $17.18M 5.933M

Buyers (Bids)

No. Vol. Price($)
1 500 $2.84
 

Sellers (Offers)

Price($) Vol. No.
$2.90 29262 1
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Last trade - 16.13pm 27/06/2025 (20 minute delay) ?
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