So... they made $1m. They produced around 72000 ounces, so.... they made almost $14 a ounce. Basically, their best quarter ever too. I continue to be amazed at their low exploration spend, as really, whilst they have a large MRE, most of it is not in reserves.
I felt this section was most interesting in regards to what WGX plan to do with their 3 plants. Two are going to, or already have had small upgrades to processing capacity (but... that is it) and their 3rd plant.... hmm... seems to me like they are going to run it into the ground, as they cannot currently justify upgrading it or replacing it.
Good luck to all holders....
WGX Price at posting:
$1.18 Sentiment: Hold Disclosure: Held
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