Not much to say really... So many issues, like having to truck ore from Fortnum to the Bluebird mill! Big Bell.... no clear LOM plan anymore... Just a lot to do across the whole portfolio before WGX gets anywhere near full processing capacity. Having a huge MRE means nothing if you cannot get it to the plants.
I am def jaded at this point. WGX needs another 12+ months to bed down it's assets (I mean all of them).
I know the big end of town having been buying WGX over recent months, as they view it as very cheap compared to it's peers, but... it's peers having very different assets. Lower cost, and are already humming. Therein lies the opportunity. In the short term... WGX is likely to follow the spot price... for better or worse.
WGX Price at posting:
$2.83 Sentiment: Hold Disclosure: Held
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