At 1.195/sh, WGX has an enterprise value of 1.47X annual AISC margin.
That's 270k shares @ $1700 AISC, $189 million in the bank, and does ignore the hedging. Nonetheless, it's close to the lowest I've ever seen for a cash flow-positive producing gold miner. Superior Gold ran that low for a while, when it was skirting business failure (and is now 1.91).
Just bought some more WGX. Am holding main cash until the US Fed blinks, but FFS enterprise value of $377 for a 270k miner with an AISC 900/oz below spot? (Again ignoring hedging.)
At 1.195/sh, WGX has an enterprise value of 1.47X annual AISC...
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Last
$2.93 |
Change
-0.010(0.34%) |
Mkt cap ! $2.763B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.96 | $2.86 | $11.99M | 4.118M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 39284 | $2.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 109344 | 49 |
View Market Depth
| Last trade - 15.58pm 25/06/2025 (20 minute delay) ? |
| WGX (ASX) Chart |