WGX westgold resources limited.

Ann: 2023 Annual General Meeting Presentation, page-2

  1. 12,576 Posts.
    lightbulb Created with Sketch. 8217
    Clean, clear and concise.
    Basically sums up WB and his team. Crazy when you go back 5+ years to look at what the company was putting out presentation wise. what.png

    I cannot think of another producer on the ASX that provides this level of info on past quarterly costs.... Green arrow is mine.

    https://hotcopper.com.au/data/attachments/5759/5759379-736d53a34f99d2fdc9d32bf6f392dfaa.jpg

    Then you have the increased production at Bluebird, which has been hinted at by the company over the past 12 months, which to date has been backed up by ever increasing output of ore and grade at the U/G operation. 750k p.a.... is a seriously big U/G operation and at 4g/t, it will provide upwards of 95k+ ounces per annum. It also half fills the Bluebird plant just on it's own. The increase in production at Bigbill makes things even more interesting, as Fender, Big Bell, Big Bell deeps and Great Fingall have... too much more for the Tuckbianna plant. I guess the short term plan is to just truck any excess North. WGX has also already stated they are looking at restarting other U/G operations, which... would further feed the Bluebird plant. Both Tuckbianna and Bluebird plants have large stockpiles, so they are not going to go hungry. The uplift... is by finding better ore at one or both of the plants.

    https://hotcopper.com.au/data/attachments/5759/5759401-06ca3d81f12e970950ce39e5c8ce6982.jpg

    Some basic numbers.... from FY25 onwards.
    Paddy's flat - 40-50k p.a
    Bluebird - 97k p.a
    Big Bill - 100k p.a (currently)
    Great Fingall - 45k plan (but... previously mentioned potentially up to 87k p.a)
    Fender - 25k p.a.
    Big Bell deeps... is the only unknown currently (my guess is 25-50k p.a....)

    Murchison only.... (taking 10% flat out for recoveries...) (to be clear, I am trying to be conservative, as I have not included any ounces from processing of stockpiles, which will occur).
    300k - 360k p.a.

    I would be happy enough with a sustainable 320+ rolleyes.png

    I can only imagine the small share price retracement is to do with the 'market' guessing WGX is about to offer script to acquire something. Perhaps they are right, but... I just don't see WGX moving so quickly. What is the rush for them. Cash is building and more mines being developed.

    Interested to hear if anyone attended the AGM.
    Last edited by speculator101: 23/11/23
 
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