WGX 2.09% $2.20 westgold resources limited.

My original comment was in relation to why won't WGX have a go...

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    My original comment was in relation to why won't WGX have a go at SPR.

    Both are roughly the same distance from MT Magnet as your pic shows,so in cost reality trucking times/distance difference negligible for WGX.
    However Kirkalocka is closer to the main highway which I presume is paved all weather to within 5km or so of their site.
    Dalgranna 20-25km dog leg from highway to the mill wasn't last time I saw a picture of it.
    Sounds as though Andaman got caught like GCY/SPR needing a cutback for mill feed - mill starved of ore and Covid and $100m in debt to boot.
    Was also buying old battery ore and shipping from Cue township to fill the gap.

    Still a fully reco'd 2.2mt + mill with new $20-30m SAG mill installed barely run in,sitting in the wings.
    Might be worth relocating the new SAG mill to WGX mills if got at the right price?
    I would imagine the administrators might be happy with something well under the $100m or so owed.
    given around 500?koz resource but large tenements little modern exploration.
    I doubt RMS has an interest or any spare ore to place.
    Could be so cheap - why not?
    NSW miner recently sold out of admin/liquidation after $200m spent on upgrades for $3m +$5m environmental bonds 50c/oz equiv.
 
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