Cheers, loki, much appreciated. Used my GAs today, but have one...

First 10 Last

Share
Profile

Follow
CEOChair

28,574 Posts.

4969

15/04/19

17:10

Post #: 38148151
Share

Originally posted by loki01 ↑

CEO

Good question - it depends on a range of factors. I assume (and hope) the 60m options will not get exercised in June 2019.

If I assume AISC/ounce $1280, ongoing admin is say $10m pa (I have not checked if that is the case) and ongoing annual capex is around $40m, then simplistically.

1) at $AUD1800 gold I can see the share price at around $1.90, perhaps a bit higher if you get price earnings multiple expansion;

2) at AUD200 gold the share price could be around $2.90.

The share price is a fluid thing depending on market sentiment and actual performance, so as a 300k ounce pa mid tier producer, a 10 year LOM production profile and scope to pay a dividend, it could go higher at those two lgold price evels. They have previously paid a dividend and it would be nice to get some again.

Still about 7-8 months to go before their large underground gold mine gets optimised, and when that does happen AISC should drop as production goes up.

Over time there could be some surprising upside from drilling success - an increase in ore milling grade would both increase production and lower AISC, thereby increasing net cashflow.

It would be interesting to know what the analysts say about the report and if they upgrade WGX.

There seems to be a largish seller wanting to get out/reduce around the $1.37 level.

loki (but these are just dreams at present - tomorrow we could wake up in cold sweat watching things going down the plug hole once again with WGX.)

Expand

Cheers, loki, much appreciated. Used my GAs today, but have one anyway. Pity it couldn’t close above $1.36, let’s see if it can kick on this week or not.

WGX Price at posting: $1.36 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

XRO

'Step-change' for Xero internationally with $3.9B deal to buy US bill pay platform

TKM

Trek Metals brings in another drill rig to dive deeper at Christmas Creek

GRE

Juicy copper-zinc target brings GreenTech closer to near-term Whundo production

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

First 10 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $2.92		Change -0.025(0.85%)		Mkt cap ! $2.749B

Open	High	Low	Value	Volume
$2.92	$2.96	$2.86	$8.111M	2.788M

Buyers (Bids)

No.	Vol.	Price($)
25	48026	$2.91

Sellers (Offers)

Price($)	Vol.	No.
$2.92	92069	76

View Market Depth

No.	Vol.	Price($)
18	29081	2.910
15	66988	2.900
12	82839	2.890
14	114062	2.880
9	209976	2.870

Price($)	Vol.	No.
2.920	59885	70
2.930	69952	43
2.940	101918	26
2.950	56729	17
2.960	65527	10

Last trade - 13.55pm 25/06/2025 (20 minute delay)

WGX (ASX) Chart

Cheers, loki, much appreciated. Used my GAs today, but have one...

'Step-change' for Xero internationally with $3.9B deal to buy US bill pay platform

Trek Metals brings in another drill rig to dive deeper at Christmas Creek

Juicy copper-zinc target brings GreenTech closer to near-term Whundo production

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Cheers, loki, much appreciated. Used my GAs today, but have one...

Top Stories

'Step-change' for Xero internationally with $3.9B deal to buy US bill pay platform

Trek Metals brings in another drill rig to dive deeper at Christmas Creek

Juicy copper-zinc target brings GreenTech closer to near-term Whundo production

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News