Ok, good to see some more open announcements regarding developments. Though of course, I still read it and then spend 15m working exactly what the numbers might be regarding this new U/G deposit. WGX does not make it easy to gauge just what its actually adding to the production profile.
The reserve for the U/G seems to be around 95k (not that they make that clear). Is the plan to produce 30k p.a for 3 years.... or 9k p.a. for 10 years???
Costs? Why does WGX not provide the same amount of detail that the likes of RMS provides, every, single, time....? Scoping study details etc.
WGX def have the gold, but... will they continue to under-perform?
With an E/V of around $670m, I cannot help but wonder why the major holders don't start talking to a proven mid tier producer, to do a deal....
WGX Price at posting:
$1.94 Sentiment: Hold Disclosure: Held
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