The presentation has one glaring error - they claim to have 5 milling operations when its only 4 since the sale of the Lakewood mill. There could be other errors in the presentation.
I would like to see a plan and timeline for WGX production over the next 3-5 years. When do they think they will get to produce 400k ounces pa and at what AISC and what is the capex rxpected to be to get there.
I will hang onto my remaining 30k shares to keep me focussed on WGX, whose share price is holding up very well in the circumstances thanks to the high gold price. WGX has been very lucky for me this time and given its potential future production perhaps its worth buying some for the long haul (yeah I know we are all dead in the longrun).
It seemed to me that WGX may have sold the Lakewood mill to help fund its payables, including the $74m in stamp duty to be paid in 2025.
GLA
loki
WGX Price at posting:
$2.55 Sentiment: None Disclosure: Held
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