My thoughts Mr Gravity is as follows:I don't have the time to...

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Hiddenvalue

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10/02/21

00:36

Post #: 50843375
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Originally posted by GravityWaves: ↑

@Hiddenvalue, I'd say you've used your imagination in suggesting that the WMX turnaround is 'almost complete'.

Of course I'd agree with you ....but only after WMX has actually turned production around & successfully produced at least 100koz - 120koz of gold in concentrates . Exactly when that will be is anybody's guess (sometime late in 2022 would be my guess). It's a bit like the approximate deferral of gold production that resulted from the mill motor downtime in Dec. Was it 1000oz or 700oz? (Note: page 2 in the Dec'20 quarterly says 1000oz of deferred production, but the 5th dot point on page 6 says 700oz). Somehow there's a deferred production discrepancy of 300oz...maybe the deferred production guess-o-meter at WMX HQ needs a bit of maintenance.

What are your thoughts about the 4th dot point on page (1) in the Dec'20 quarterly i.e. where it says that gold production has been revised down due to milling rates being reduced to optimise mill performance?

Wasn't the rod mill upgraded in 2019 / 2020 so that milling rates (and gold production) would improve?

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My thoughts Mr Gravity is as follows:

I don't have the time to fluff over 700 vs 1000 without looking at it with any detail. Is it a material omission or mistake in reporting on 60,000oz production per anumm??? Will the 300 oz be the difference between us getting to stage 1 or not?? Likely not!!! Even if it was affected by 700oz, still 700 more we are likely to get in March QTR.

What you can do is write to the board to explain the discrepancy and let us shareholders know the response you get??? That will be a great way to contribute value here.

WMX Price at posting: $1.32 Sentiment: Hold Disclosure: Held
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