Hey kgtom, without doubt the diesel saving are going to be substantial. Being unhedged is also a huge factor for WGX. I like the collars, sort of wish they had got a lot more. I would be happy enough with 250k for FY2024 considering they are slowing some of the U/G mines down whilst others are ramping up. Even with Fender coming online, it's only going to add 17k for FY2024. Without doubt, the upside for WGX if POG in AUD stays high.... is substantial. I would be happy enough with WGX being able to arrive at June 30 2024 with somewhere close to $300m, though I am guessing that Great Fingall and Big Bell deeps are going to require substantial investment (perhaps $80-100m, on top of whatever else they have planned), so... $250m by the end of FY2024 would be great. We will know more soon enough.
Fingall does indeed look interesting, especially if they can produce from the remnant ore (assuming the drill rigs prove it up and it's economic).
Hey @funked15 appreciate the kind words. Good question about the share price rise. Could be just in preparation for guidance next week? Some entities only buy after the quarterly, so they have more clarity? etc.
Plus... in the end, I think we both agree, WGX is cheap! E/V of barely $600m.
WGX Price at posting:
$1.69 Sentiment: Hold Disclosure: Held
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