WGX westgold resources limited.

A great announcement, though WGX continues to change its spots...

  1. 12,533 Posts.
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    A great announcement, though WGX continues to change its spots and not make a huge deal about what... I guess I do view as a huge deal! ha.
    Nice to also get an update on Big Bell for Jan/Feb. Running at approx 95.6t per month, which is already well above 1mtpa (1.145mtpa). Versus the 800-900k that had been modelled so long ago.

    But the big news is the grades are likely to exceed WGX internal estimates for the which will enable them to be more selective with ore, grades will improve and costs will further reduce. Pretty much everything that WB is aiming to achieve with the whole company.

    https://hotcopper.com.au/data/attachments/5119/5119045-79f9f3bd6184405a62f6232dbeaeb45f.jpg

    Also interesting to note potential extensions to the north? (though it does not quite clarify if that is in regards to the caves, or the deeps.


    https://hotcopper.com.au/data/attachments/5119/5119023-b17dbc8b92f47a4f479bf44462f2cf42.jpg

    If they can get grades towards 3g/t, at 1.4mtpa, that is approx 135k+ per year. All from 1 U/G mine (well... sort of).
    Probably not going to move the dial today, with the markets have a minor heart attack, but.... WGX is simply a deep value proposition in a sector that is currently doing a very poor job of making any money (there are a few stocks that are).
 
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