Great result, considering that the Bluebird plant is still relying heavily on stockpiles.... which, is finally going to change with WGX 3 key Murchison mines all starting/ramping/achieving a lot more ore over FY25 (Great Fingall starting, Big Bell Deeps ramping and Blue/South Junction doubling their production).
Very pleasing to see the cash build to over $100m. The quarterly will obviously reveal a lot more, as there are a myriad of major items that are jumping around, with non-sustaining capex, possible tax payments, bullion sales etc.
Agre @LTDTrader - Karora production was lower than I had hoped, but... again, Beta is running at around 1.7mtpa, when the plan is 2mtpa (well, 2.5mtpa over the medium term). It will take time for the WGX team to bring it fully online.
What for me is most important, is I expected this quarter to be the lowest production wise for FY25, so.... if they can already do 91k now, then 100k+ per quarter is looking very achievable considering Great Fingall alone is going to add 45k p.a.
I have no doubt the WGX team are working flat out to bed everything down, as everywhere they look, the company's assets can grow...
WGX Price at posting:
$2.55 Sentiment: Hold Disclosure: Held
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