WGX 1.55% $2.54 westgold resources limited.

The new decline will only need to provide approx 250kt per annum...

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  1. 12,002 Posts.
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    The new decline will only need to provide approx 250kt per annum to increase the Bluebird U/G by 50%....
    Here is new drilling and discovered lodes at the correct scale (though I am spitballing the location, but hopefully it gets the point across).
    Right now they are mining 500kt p.a from the grey area.

    https://hotcopper.com.au/data/attachments/6287/6287177-95f2c633dd224da0da3698fd4e85b122.jpg

    The MRE was just upgraded to 867k, with... again just speculating, at least another 200-300k to be added with the new drilling.
    That is almost 1.2m ounces at perhaps 8mt. 750k p.a. should see them have a 4-5 year LOM plan (that is surely fine for an operating U/G mine?).

    Good be sceptical of course!
 
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