Quiet because.. well.. so much is unknown about WPG and its future.. whether they can repay the debt (based on an obscene interest rate) based on production that rarely meets guidance.. Basically they need to mine gold for a large portion of each year just to pay the interest on the $20 million loan. See my reasoning below from a previous post:
"By my quick calcs, they are only making around $130 per ounce at an AISC of $1575 and gold price of $1705 AUD. At $20 million debt and 20% interest, this leaves $4 million per year in interest payments. Just to cover this at $130 profit per ounce, WPG would need to produce over 30,000 ounces gold. At 56,000 ounces per year, that's 7 months of mining operations just to pay the interest, and that is without reducing any of the principle. In 12 months of mining operations at 56,000 ounces per annum they could potentially pay the $4 million interest as well as reducing the debt by $3.28 million. At this rate it would take 6 years to pay off the $20 million loan, and that is without considering reserve depletion, of which there would then be bugger all left and would require huge capital to open other areas. Prepared to watch from the sidelines the WPG story as it unfolds"
