Westgold delivered a pretty encouraging June quarter with all three mines producing at AISC of less than $1500/oz and the annualised rate of production is 250koz at $1408/oz. The major development seems to be behind them. As Big Bell mine ramps up, we can see the company moving gradually towards 300koz pa and I think AISC will fall to around this current levels. Using this assumption say of 280koz at $1350/oz at the current stock price of $1.90, I think we are talking about EV/AISC adjusted production level of $3500/oz, placing it at the slightly below fair value range for a mid tier miner of this calibre. Most of WGX's peers are trading at slightly higher levels.
I bought more today just to line up for the ramp up.
Westgold delivered a pretty encouraging June quarter with all...
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.00 |
Change
0.050(1.69%) |
Mkt cap ! $2.829B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.08 | $2.98 | $13.91M | 4.638M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 23089 | $2.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 4421 | 1 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| WGX (ASX) Chart |