Hey plough, cheers for running the numbers. I will be honest, I have not gone too deep into the figures for MEKs assets because, MEK have to date, chosen to keep their internal calculations private (which is a shame as it makes it much more difficult to work out an NPV for the toll treating, which I think the market knows is the only viable commercial option for the company if they want to stop diluting themselves into oblivion), though they do state they are all options they looked at 'deliver positive financial outcomes'. It's sort of a race in and around Meekathara, to get funding when there are now a few different explorers with some level of success.
You are 100% correct about the trucking costs, I was just trying to be ultra conservative as from memory, RMS was trucking ore from Vivien back in 2019 and Mark Zep said it was costing them about 0.7g/t, to truck the ore 300km. So... if MEK/WGX trucked perhaps 50k, then... it would imply costs of around 0.12g/t. There are some small royalties on MEKs ground too, so that will likely get taken out of MEKs share, but... that is hopefully not WGXs problem.
As for the strip ratio (my ratio is simply a guessimate at this stage, though when I compare the pit's to MGVs, I felt my figures were... viable), the Turnburry open pits are for me, the only ones that will be toll treated (or purchased outright), as the other pits (Andy Wells 2 small pits and perhaps St Anns are high strip. Plus as I mentioned, stage 4 & 5 are by far require the largest movement of waste.
Hmm... I agree, that table is confusing cost wise. Why a company would not want their study to be readable by retail investors makes no sense to me.
WGX Price at posting:
$1.92 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)