Historically yes, but but it's what happens in the future that matters.
Within a couple of months, they should have all of the new processing circuits up and running, which should result in significantly greater production at significantly lower cost.
We've known for a long time that they had the gold in the ground. This is the first time that all the ducks are lining up to mine and process the gold at a significant profit.
They're also proving up some some good grades in the exploration, extension and infill drilling, which bodes well for the future.
I don't make many predictions about future performance, but I feel confident that WMC in Q4 2022 and beyond is going to be a much different company from the WMC which we have seen in the past.
WMC Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
