Hey @speculator101 The WGX result was a shocker, so glad I bailed a few months back. The UG grade has continued to drift lower which is a real worrying sign for the company. 2.6g/t is a nice grade for OP but UG it's very marginal. I totally agree on your RMS/WGX call. They desperately need a higher processing capacity. RMS alone has a huge amount of stockpiles that they could process for an instant boost in their cashflow margins. Produced 66,688 oz x Sale Price $2,380 = Production Revenue $158,717,440 AISC Cost $117,000,000 / Produced 66,688 oz = AISC $1,754 AIC Cost $189,000,000 / Produced 66,688 oz = AIC $2,834 It's easy to see why they have burnt a ton of cash during the quarter.
WGX Price at posting:
$1.77 Sentiment: None Disclosure: Not Held
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