WGX 0.47% $2.15 westgold resources limited.

I actually really liked everything in this report, albeit most...

  1. 11,626 Posts.
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    I actually really liked everything in this report, albeit most of it in regards to being forward looking.

    Costs actually down, which is impressive considering the production issues.
    https://hotcopper.com.au/data/attachments/6122/6122925-10e0f9801d660b9147acf935837a265a.jpg

    The recent downgrade will hopefully prove... too harsh.

    https://hotcopper.com.au/data/attachments/6122/6122926-394d5d76f73a7c8b98a22cd9ee2fbe51.jpg
    We should see further cost reductions (though not large).

    https://hotcopper.com.au/data/attachments/6122/6122929-d36820f8c11848b01b5264c9ff7744c8.jpg

    Looks like Nightfall is going to provide some real upside in the near term (with higher grades and more ore).

    https://hotcopper.com.au/data/attachments/6122/6122933-d8d79e443db95a0339042542bf81e7c1.jpg
    Already starting to see that Bluebird U/G might have upside for FY2025

    https://hotcopper.com.au/data/attachments/6122/6122943-5f159fa5187b67bb17b56bb881835a92.jpg

    Oh how long have I been banging on about the potential of Great Fingal remnant ore....

    https://hotcopper.com.au/data/attachments/6122/6122975-3036254543253db0b6e51bf1f63d69fe.jpg


    From an old post of mine, WGX used to include information about Great Fingall having the potential for ore outside of the current mine plan.

    https://hotcopper.com.au/data/attachments/6122/6122951-764231ea4dee2efe5ebce5345318a909.jpg
    https://hotcopper.com.au/data/attachments/6122/6122955-12e7bf07a416cc11349ba45fda3710c1.jpg

    Looks to be a real possibility of Great Fingal adding to FY25, outside of what they had already planned.

    Finally going to see real exploration (versus just lots of infill (which is important, but.... boring)).

    https://hotcopper.com.au/data/attachments/6122/6122993-cacb43fd6750d0c03c16762bdd5b5628.jpg
    I am starting to feel like even with the large non-sustaining capex to come this quarter and exploration, the spot price to be received by WGX will more than balance it out. All the capital WGX is investing right now is going to be paying for itself in FY2025.

    Hopefully the market starts to realise that FY24 was a mixed year, with FY25 being more profitable and production around 250k+ (as a minimum).
 
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