So much to like in this report.... the curse of being a big producer, is good results are.... nice to have, but rarely reward. Still, what I like is that WGX is proving good grades are going to continue to flow into the near term mine plan, at almost all of their assets.
They are even finding a way of getting more out of Big Bell... without having to allocated extra capex. Any way to delay further deeper development, means lower non-sustaining capex in the near term. Coupled with Great Fingall ramping up, this is an excellent outcome.
Great Fingall has finally started providing ore, though it would seem, it won't be a major contributor until later this quarter when Barmino get stuck in.
Beta... as I posted on the other thread... with a tiny bit of imagination and logic, I feel a 7m ounce MRE is a given, let alone 10m which could be achieved in 2-3 years. Just a shame WGX paid so much for the asset... Fletcher Stage 1 - 2.3m ounces Fletcher Stage 2....? Mason...? 3km untested...
Lots of Green fields drilling on the go too.
Lots to like, just a matter of WGX further bedding down it's main U/G producing mines. More discovered ounces will follow.
WGX Price at posting:
$2.93 Sentiment: Hold Disclosure: Held
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