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