Hi Anton, WGX will want to have announced their maiden dividend under the new management team, which will be viable to be paid year on year, versus what the last MD did which was truly stupid.... paid a dividend that could not be justified nor paid for from free cashflow. Other than that, likely waiting for MEK to get all their approvals for their mining leases, though I am a bit 50/50 about what any deal might look like. I see no reason for WGX not to just T/O MEK for it's low grade open pits, but... WGX might be happy enough to just toll treat it all for years to come too. GBR - just to early with GBR dragging their feet by not getting their high grade open pitable deposit ready for mining.
Plus... OAU and ODY have been proving up MREs which are becoming more and more interesting and... worthy of attention which again, is just giving WGX more options. As really, buying ounces right now from explorers is incredibly viable IF..... the ounces are mine ready (or close to it). I mean, just look at MGV. RMS paid in excess of $220 per ounce in resource. Now.. I don't think any of the other smaller players in the Murchison will get such a multiple, because... their deposits are smaller (but their grade is important).
I can easily foresee GBR and OAU trying a merger in time, to try and force WGX hand, but as above, they have lots of options, let alone their exploration potential.
Just some ramblings before the market opens
WGX Price at posting:
$1.86 Sentiment: Hold Disclosure: Held
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