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,...
Add WGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.15 |
Change
0.010(0.47%) |
Mkt cap ! $1.018B | |||
| Open | High | Low | Value | Volume |
| $2.15 | $2.17 | $2.11 | $5.897M | 2.745M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23082 | $2.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.17 | 146091 | 8 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$2.14 |
Change
0.010 ( 0.41 %) |
||||
| Open | High | Low | Volume | ||
| $2.16 | $2.17 | $2.11 | 758059 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| WGX (ASX) Chart |