Gold Price wordwide looking to be 2000+ from here on in - id say 2300-2500 nexrt yr . its making another UP-LEG move . Guys like Peter Schiff, Ray Dalio , Robert Kiyosaki saying 2000-3000 from here on out . Lets assume gold goes up to 2200USD new lvl of play. One standard deviation down will take it to todays price 1700-1800 and one std deviation up will take it to 2500- 2600. Thats the new level of play folks.... Westgolds MARGIN thus @ 1100 USD AISC cost is going to be unreal if POG is 2000-2200 USD; Even if the POG goes back from a 2000-2200 avg USD price in 2021 back retrace to 1700 USD,, therell STILL be a margin of 600USD per ounce . On 280-300k ounces of production and a USD of 70c thats big money on AUD terms - 850-900AUD MARGIN / ounce . So Cash-flows will be HUGE . Golds moving up now to a new normal of 2000-2200 for 2021. Id say 2500 for 2022 . If this is the case, WGX is the only goldie mass producer in Aus that hasnt gone up much due to 1500-1600 costs per ounce (worldwide costs are 1400ish).
In a new gold environs of 2000-2500 new normal, this WHY fundies are getting in. Theyve just done the math... I say the NEW NORMAL going forward in GOLD is 1700 lower end - 2000 mid - 2300 upper for 2021-22 yr. Re-rate WGX thus obvious for fundies based on new normal POG
Ann: Operating Guidance FY21, page-20
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