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.
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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. |
---|---|---|
$3.01 | 4421 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7000 | 3.300 |
1 | 125 | 3.150 |
2 | 149 | 3.090 |
1 | 72 | 3.080 |
1 | 10000 | 3.050 |
Price($) | Vol. | No. |
---|---|---|
2.940 | 64 | 1 |
2.950 | 840 | 1 |
3.000 | 16820 | 2 |
3.030 | 6103 | 6 |
3.040 | 4566 | 3 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
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