WMC wiluna mining corporation limited.

@Hiddenvalue, you're right....I hadn't looked at the AGM...

  1. 1,994 Posts.
    lightbulb Created with Sketch. 967
    @Hiddenvalue, you're right....I hadn't looked at the AGM presentation & just for clarity, I think it's good to make positive noise about the quantity & quality of high-grade stockpiles. So, I'm looking at page 6.....& I see that there's no mention of high-grade stockpiles (so there's no need to make any positive noise about that).

    However, based on the figures they've presented of approx 1 million tonnes of ore equating to approx 35koz, it looks like the average grade of their current stockpiles is close to 1.09 g/t....

    35,000oz x 31.1 g/t divided by 1,000,000 tonnes = approx 1.09 g/t (feel free to check the maths).

    The Oct'20 AISC is $1514/oz (pretty good), hedge position 28,650 @ $2,674 (pretty good).....& it looks like cash & bullion has dropped into slow reverse gear since the Sep'20 quarterly: $11m down from $13.2m

    At this stage I'd say things are looking 'reasonably average'...or...'as expected' if we're using familiar WMX lingo.

    Cheers smile.png
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.