WGX 2.33% $2.20 westgold resources limited.

UnfortunateSo without the weather playing up it would have been...

  1. 2,303 Posts.
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    Unfortunate
    So without the weather playing up it would have been 57kt
    Without Paddys flat at 27koz for the 2nd half i.e. it would have been 13KT more
    So the planned run rate would have been 70kt/qtr and rising.

    I hold dual thoughts about Great Fingal
    Interesting reading about reducing grade at depth historically.
    I am sure modern drilling says otherwise.

    I left at $2.52 due to better comparative alternatives to see it peak 10% higher within days.
    I thought the run up unjustified given the prior warning and prior QTRLY's steady reduction in ounces produced.

    I don't blame WB for hoping a quick recovery will occur and reduce the impacts seen i.e. the 5koz.
    I also have no doubt they could have had a quick grab at upper levels within Great Fingal at future cost of overall ore recovery.

    Calmer heads have prevailed.

    The overall plan is running late.Two weeks lost access you thought you would have,has meant other ore handled maybe not as you would wish.
    Always was taught 2 week delay causes at least 4 weeks of chaos in getting things done to plan.

    Next QTR hopefully will surprise everyone.


 
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