Starting to get a whiff of Saracen about it. Australian golds have the benefit of the Australian dollar which is making it a target for US and Canadian miners who are only now getting a benefit from the Gold price. Australian golds will also get a premium multiple going forward due to relative stability.
I like the zero cost collars, buys insurance without automatically losing to the Bullion banks.
Purchase of six additional underground drill rigs expanding the diamond drill rig fleet size to 13 shows WGX are serious about grade control and exploration.
Financial performance is strong with a 157% stock surge, 852% NPAT increase, and 760% jump in free cash flow, despite aggressive expansion.
Still looking cheap. 2025 annual revenue set to more than double from 2024.
WGX Price at posting:
$3.32 Sentiment: Buy Disclosure: Held
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