arsenic, your points 1 and 2 I believe are the KEY benchmarks needed to make WGX a prime, world-class t/o target.
So, what's the timeline? Based solely on the forecasted production goals from the presentation I'd wildly speculate a very minimum 12 months to a realistic 18 months, to an outside 2 years.
My crazy talk assumes: WGX doesn't find the motherlode; doesn't begin "Au empire building," and; a range-bound POG between USD 1100 and USD 1400. It does not assume a predatory t/o, or a pre-emptive bid initiating a bidding war.
Anyone remember the majors buying frenzy at the last top, now nearing six years ago? Watch out for a spike accompanied by panic acquisitions, with WGX being bought at its top.
There are many world-class deposits, almost ALL in the happy hands of the majors -- one reason why they became/stay majors. With every ounce extracted their reserve depletes, it takes major ounces by discovery or acquisition to eat at the adults' table.
Either in a t/o or as a standalone WGX will make a boat load of cash!
OV
WGX Price at posting:
$1.95 Sentiment: Buy Disclosure: Held
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