Your cash generation is way too high with an ASIC of $2,250 which is very close to the $2,245 in the December quarter plus your realised gold price is only $120 higher than the December quarter of $3,041 where the cash generated was $21m. Using December quarter as a base the additional cash generated with gold produced of 60,000 Oz is only $7m but your figures imply additional cash of $31m.
To achieve an ASIC of the mid-point of their FY guidance they need an ASIC close to $1,800 for the second half of FY24 as ASIC for the first 6 months was $2,085. If they do achieve an ASIC close to $1,850 then cash generation of $54m is reasonable.
WGX have expenses above ASIC unless you mean AIC of $2,250.
WGX Price at posting:
$2.62 Sentiment: Buy Disclosure: Held
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