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WMC wiluna mining corporation limited.

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Almost all companies trades above net asset. Overnight POG drop...

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centro11

2,784 Posts.

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27/02/21

17:35

Post #: 51388958
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Originally posted by Drugo: ↑

NAT $1.46./share. (which is going to rise substantially after last 6 month drilling results over $13 mill. spent and good results)
Pre tax profit $11.4 mill.
Expenditure $30 mill. For future Dev.
Cap raising $22 mill.
Hedging 24K/oz @ $2,674.
Current AISC $1,675. Stockpiles done, very limited strip ratio to come.
$15 mill. cash/bullion. Net $3mill. after really good debt/swap. etc.
$40 mill. to come still OK. This is not Brian Dixon talking.
Only negative is POG AUD at the moment can hurt progress. Refer to current hedging to reduce this risk.
Bitcoin and Silver rally has taken over. Still hanging in there.
Otherwise a lot better than some other Tech companies that profit is losing at least half of WMX mkt cap. each six months.

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Almost all companies trades above net asset. Overnight POG drop would add further opportunity to add more at lower price.

WMX Price at posting: $1.17 Sentiment: Buy Disclosure: Held
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0 Great analysis

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Almost all companies trades above net asset. Overnight POG drop...

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