WGX 1.31% $2.32 westgold resources limited.

Ann: 2023 Precious Metals Summit Presentation, page-9

  1. 2,325 Posts.
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    Reading anything more than Westgolds presentation is basic and straightforward compared to others with 3D models is just that.
    It could have been any other presentation doing the same drawing the same quip from WB.
    Remember the GCY recap didn't include a RUNNING MILL WITH A OPERATING MINING OPERATION WITH A YEARS WORTH PIT FEED that just needed blending with higher grade stockpiles up for quick bucks within a month of acquiring which was the only option that interested WGX.
    IT"S INTRINSIC VALUE IS LONG GONE NOW to WGX.

    I have no doubt WGX's future target is non other than one it keeps showing with their mill less than 100k circle down the road and who it also nudged into a takeover of MGV to secure its then just newly acquired Sth Magnet tenements just months before.
    If WGX hadn't made a hurried bid for MGV, they probably could have just bought the tenements cheap for cash.
    WGX is heading for plenty of ore that could just as easily be trucked South instead of North near the same distance.
    It all gets easier when the synergies to be had make sense at the time.Including the newly acquired and by then developed at RMS expense ex MGV pit close to the WGX mill.
    In the meantime WGX gets stronger and hopefully doubles its market cap,improving compatibility when it starts paying a divvie and then I give it another 18 months,when a merging of near equals such as NST did will involve considerable mutual benefit to holders of both companies through ore milling rationalisation and full utilisation of the WGX operated mining services fleet and skills.

    Just remembering WB isn't just a Geo MD but also a Metallurgy Economist.
    That means he's ultimately focused on the overall profitable strategic bigger picture not just ounces.
    An interesting comment WB made when asked about how he felt about refractory ore on MOM after talking about GCY,"if it needs extra grinding that's OK,but other chemical processing NOT INTERESTED"




 
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