Ann: November Corporate Update, page-22

Excellent presentation and ASX announcement earlier in the week.

Very pleasing to see growth at all mines/mine sites.

Agree @calmbeforestorm the prospect of a dividend will drive WGX higher. Especially since WGX only has 475 million shares on issue.

A ten cent dividend would only cost $47.5 million which is less than the last two quarters cashflow.

Given gold price is much higher in this quarter and production will be higher as well a solid dividend is well and truly an option.

Not only does WGX have far fewer outstanding shares than its peers (SLR,RMS) it has much bigger reserves and more importantly is unhedged into these high prices.

The other thing to look forward to in the New Year is where Wayne mentions that Bluebird would step up production to 750,000 tonnes from the current 550,000 tonnes at 4g/t. This would increase production by over 20,000 ounces per annum.

WGX is going to go very close to producing 300,000 ounces in the next financial year which at current gold prices should see the stock move closer to $4 in my view.

GLTA/IMHO