hmmm... so, firstly, lets compare the Big Bell current...

hmmm... so, firstly, lets compare the Big Bell current information, with the newly updated resource/reserves update (which I touched on on the other thread).
We have a further 200k in reserves add, but.. 550k in resource (so... around a 36% conversion rate, which is fine for a starting point). Yet, the increase in grade is more important, with a rise by 7%. That will greatly enhance profitability from Big Bell overall. Hopefully within the next few weeks we will know just how many ounces Big Bell deeps will add to the companies overall production profile.
250kt p.a, at 3g/t = 24k ounces
250kt p.a. at 3.5g/t = 28k ounces
250kt p.a. at 4g/t = 32k ounces.
I am hopefully being conservative in regards to the tonnes. The grade is harder to know.
They state production from late in FY24, which I assume, has actually not been included in the FY24 guidance, as WB has been at pains to say that it was very conservatively modelled.





As I read it, there is perhaps 650k ounces in reserve within the main sub caves.
A further 350k currently underneath that will be brought into the mine plan. The ounces below will be higher grade.
Yet.... It really looks like the they have not found the extent of the mineralization, which bodes well for the Big Bell deeps to keep producing for many years to come (above the 10 years already quoted).



This slide is new... and to be fair, the market does not seem to value the mining services assets at all.... even though they clearly do give WGX some competitive advantages.



Finally, the dividend policy, whilst not new, raising an interesting question about just how much they could potentially pay out, if.... POG stays around the current prices.... they are definitely going to pay one though, pretty sure that is new. I mean, a 1 cent DIV will only cost the company $4.7m. Might need to up that a little I would have thought.



All about continued execution now of course.