Ann: March Quarterly Report, page-2

Whoa..... damn there is a lot of information in this quarterly...
Perhaps the most detailed quarterly I have read so far for the March Q....


Honestly not even going to cover it all, just the bits that jump out at me.

Guidance - tracking well. Above 250k seems the implication, with AISC around $2000, which... implies the June Q is going to be quite a good one...? As they will need to produce around 61k+ to get above 250k ounces, and the AISC will need to be closer to $2000 AUD.
Though they do mention that the rain event caused issues a few weeks into April...



Not only are they tracking to guidance for production and AISC, but also capex and exploration.
Whilst I doubt they will hit the bullseye, it does point to the June Q being another positive one for building cash, with approx $10m to spend on Exp/Capex, compared to the last 3 quarters which saw an average of $22m being spent. Implies a potential cash build of something around $15-20m. Which... again, I cannot help but state, is a huge turnaround.



Bluebird does indeed @Joelstar look like its going to become a superior mine to Paddy. Plus, WGX just don't know how big it can get.



Fortnum does indeed seem to have now peaked in terms of costs and will hopefully begin to become more profitable.



So interesting to finally see WGX undertake green/brownfield exploration across its full suite of tenements. Basically.... has not been done since WGX demerged (or even before that). The orange arrows are mine, but.... hopefully they get the point across. WGX already has a huge MRE, but... new discoveries could provide another step change in profitability over the longer term.


Great Fingall exploration continues, with.... as already seen a great hit, but... WGX and the Geo team are just starting to understand what has likely been missed. With essay's bending..... can anyone see visible gold??




Big Bell - PFS coming late this quarter. I do feel the market is unprepared for what it might show in terms of mine life and profitability.



WGX is proving it can produce at reliable rates, with reliable AISC and.... internal growth with fuel reduction costs still to come.
I wonder when the market will finally decide to start re-rating WGX...?