Yup agree. Its the gold mining sector overall. Biggest deviation from the POG in history. That may result in quite a V shape recovery once a few macros come off.
Timing - Q4 2024 is when Patto said they would reach the 1mill target. Pencil that in. Timing for POG is perfect. If investors knew a TO payday in 2024 was the plan, and Westgold agreed to place an offer in if we reach 1mill ounces imagine the buying spree. I'm sure He could word it so it was ASX friendly. 500% potential return in a year is epic.
@hongkie Westgold is a producer not an explorer. Most producers don't dabble in the inefficiency of exploring. They will pay a premium for the luxury of avoiding risk and gaining certainty. This is very very common in all industries.
if true that this is in fact the plan, and there is potential for 35c+ SP, we should all be buying the sheet out of this, not alot on the sell side until 9c. Hmmm.
That's a very big return if Patto pulls it off.
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