Price of gold on the rise again, moving through $2,100 an ounce, or $3,225 Aud. When WGX was achieving sales at $2,963 last half, the difference will start to add up.
BTC is also up another 7%. Too many dollars in the system, and investors wary of an all time high stock market. There is now a real possibility that we could see gold at $2,300 to $2,400 an ounce in the next few months, with the Fed easing rates, or around $3,550 to $3,700 Aud.
For WGX that could amount to a $160m windfall in a forward 12 months, with the company eventually generating close to $250m in NPAT annually.
Price of gold on the rise again, moving through $2,100 an ounce,...
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Last
$3.05 |
Change
-0.005(0.16%) |
Mkt cap ! $2.862B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.05 | $3.02 | $1.726M | 569.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 4335 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 42743 | 28 |
View Market Depth
| Last trade - 10.52am 18/06/2025 (20 minute delay) ? |
| WGX (ASX) Chart |