The most important paragraph:
"The progressive ramp-up to full production has begun with a minimum 10-year reserve and line of sight of 15 years of output at expected production of 100,000oz per annum or more. Ore production from Big Bell will make its first significant contribution to CGO gold output in the ensuing quarter and over the 20/21 financial year and will build to dominate gold output into the future."
If they achieve expectations on Big Bell then WGX is cheap relative to other goldies, but with opportunaty comes risk.
On balance it seems upside potential outweighs downside risks in medium term imo.
Any short term dip would be a welcome gift ;-)
The most important paragraph:"The progressive ramp-up to full...
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Last
$2.56 |
Change
-0.060(2.29%) |
Mkt cap ! $1.213B | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.62 | $2.56 | $8.190M | 3.179M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18514 | $2.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 3470 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| WGX (ASX) Chart |